Comments include: AVGO, CLH, DDS, HLT, MSS, RRC, SNOW, USFD, and WMT.
| AVGO Broadcom Ltd ($1,029.24) - Semiconductors - AVGO moved higher Monday to break a double top at $1008 before climbing over 9% intraday to reach $1024. This 5 for 5'er moved to a positive trend in November 2022 and sits in the top decile of the semiconductors sector RS matrix. The weight of the technical evidence is favorable and improving. However, AVGO is entering overbought territory. Those looking to add exposure may be best served waiting for a pullback or normalization of the trading band. Initial support may be seen at $912 with further support seen at $832 and $800. |
| CLH Clean Harbors Inc ($172.84) - Waste Management - CLH broke a third consecutive buy signal today, having put in a nice stair-stepping formation on its default chart. This perfect 5/5'er has put in a productive 2023 campaign, advancing over 50% at the time of this writing. While there is a wide array of resistance above current levels, the overall picture is strong here. Keep an eye on nearby support at $164. |
| DDS Dillard's, Inc. ($381.58) - Retailing - DDS broke a double top at $376 for a second buy signal since November as it rallied to $380, matching the August rally high. The stock is a 5 for 5'er that ranks in the top quartile of the Retailing sector matrix. From here, a move to $384 would mark this highest level on the chart since February. Initial support lies at $360, while additional can be found at $316 and $304, the bullish support line. |
| HLT Hilton Worldwide Holdings Inc ($177.29) - Leisure -HLT reversed back into Xs and broke a double top at $176 as the stock rallied to a new all-time high at $178. The stock is a 5 for 5'er that ranks in the top quartile of the Leisure sector matrix. HLT will again visit overbought territory, so those seeking exposure may look for a pullback to $172 on the chart before adding. Support lies in the $166 to $168 range, while the bullish support line lies at $156. |
| KSS Kohl's Corporation ($26.36) - Retailing - KSS broke a double top at $26 for a second buy signal since November. This follows a positive trend reversal last month which brought KSS up to a 3 for 5'er. The stock maintains positive near-term RS versus the market and its peer group while ranking in the top half of the Retailing sector matrix and having a current yield north of 8%. Resistance lies in the upper $20s. Support lies in the $22 to $20 range. |
| MSS Maison Solutions Inc. Class A ($14.82) - Retailing - MSS broke a triple top at $15 to complete a shakeout pattern and return the stock to a buy signal. The stock is a 5 for 5'er that has maintained positive near-term and long-term RS since November. Resistance lies at $16, while the stock's chart high from last month lies at $22. Support lies at $11.50 and $11, the bullish support line. |
| RRC Range Resources Corp ($29.78) - Oil - RRC fell to a sell signal Monday when it broke a double bottom $29, where it is now testing its bullish support line; a move to $28 would violated RRC's trend line and drop it to a 2 for 5'er. |
| SNOW Snowflake, Inc. Class A ($192.99) - Software - SNOW rose Monday to break a double top at $192, marking a fourth consecutive buy signal and a new 52-week high. This 3 for 5'er moved to a positive trend in November and just reversed back up into X's on its market RS chart. The weight of the technical evidence is improving, however, SNOW is in overbought territory. Those looking to add exposure may be best served waiting for a pullback or normalization of the trading band. Initial support can be seen at $184 with further support offered at $182. |
| USFD US Foods Holding Corp. ($44.99) - Food Beverages/Soap - Shares of USFD printed a third consecutive buy signal on Monday at $45, a fresh all-time high. The 5 for 5'er ranks in the top decile of the food beverages/soap stock sector matrix and continues to trade well-above its bullish support line. Weight of the evidence is positive. Enter with partial positions due to near-term overbought readings. Note that initial support levels are distant. |
| WMT Walmart Inc. ($150.89) - Retailing - WMT broke a double bottom at $150, bringing the stock to a sell signal and violating the bullish support line. This will drop WMT to a 3 for 5'er trading in a negative trend, and this action follows the stock moving into a column of Os on the peer RS chart earlier this month. Initial support now lies at $146, while additional support can be found at $138, the March chart low. |
