BWA, CASY, CDW, FRT, HXL, MANH, MAR, OTTR, and V
| BWA BorgWarner Inc. ($49.13) - Autos and Parts - BWA broke a double top at $49 to return to a buy signal. BWA is a 3 for 5'er that ranks in the top half of the Autos and Parts sector matrix and is accompanied by a yield of roughly 1.5%. Resistance lies at current levels as well as at $51, the March rally high. Initial support lies at $45, while additional lies in the $43 to $42, the bullish support line. |
| CASY Casey's General Stores Inc ($244.09) - Retailing - CASY broke a double top at $244 for a second buy signal. The stock is a 4 for 5'er that ranks in the top half of the Retailing sector matrix, and this action brings the chart to one box below the stock's 52-week high at $248, reached in December 2022. Weekly momentum is positive. Initial support lies in the $216 to $212 range, the bullish support line, as well as at $204, the March 2023 low. |
| CDW CDW Corp. ($183.45) - Computers - CDW pushed higher Friday to break a double top at $182 before reaching $184 intraday. This also pushed through the bearish resistance line, moving the stock back to a positive trend and promoting it to a 4 for 5 TA rating. The weight of the technical evidence continues to improve. Initial support can be seen at $172, with several additional support levels offered down to $162. |
| FRT Federal Realty Investment Trust ($95.84) - Real Estate - FRT shares broke a double top at $98 on Friday, which was enough to put the stock back in a positive trend and increase the attribute rating to an acceptable 3 for 5'er. Further bullish confirmation would come with a break past resistance at $100. Initial support is currently distant, down around $90, |
| HXL Hexcel Corporation ($76.02) - Aerospace Airline - HXL is a strong 5/5'er that moved to new 2023 highs with today's action. With that said, it returned to a buy signal on its default chart, bouncing nicely off the bullish support line below. The stock remains in actionable territory and exposure could be considered at current levels. |
| MANH Manhattan Associates, Inc. ($199.88) - Software - MANH moved higher Friday to break a double top at $196, marking a fifth consecutive buy signal before reaching a new all-time high at $200 intraday. This 5 for 5'er moved to a positive trend in January and has been on an RS buy signal against the market since 2019. The weight of the technical evidence is overwhelmingly positive, however, the stock is now overbought. Initial support can be seen at $188 with further support at $172. |
| MAR Marriott International, Inc. ($183.86) - Leisure - MAR broke a spread quadruple top at $184 to return to a buy signal and reach a 52-week high. The stock is a 4 for 5'er that ranks in the top quartile of the Leisure sector matrix that is accompanied by a yield north of 1%. No near-term overhead resistance at current levels, but note the April 2022 rally high sits at $194. Support lies at $172, the bullies support line, and in the $166 to $164 range. |
| OTTR Otter Tail Power Co ($79.48) - Utilities/Electricity - OTTR broke a double top at $79 to complete a bullish triangle and for a third consecutive buy signal. The stock is a 4 for 5'er that ranks in the top quintile of the Utilities sector matrix and is accompanied by a yield of roughly 2.3%. Resistance lies at current levels as well as at $82, the August 2022 rally high. Initial support lies in the $74 to $73 range, while additional lies at $71. |
| V Visa Inc. ($237.78) - Finance - V shares moved higher today to break a triple top at $236 to mark its third consecutive buy signal. This 5 for 5'er has been in a positive trend since October 2022 and on an RS buy signal versus the market since November 2012. V shares are trading in actionable territory with a weekly overbought/oversold reading of 25%. From here, support is offered at $220. |
