MA, TPX, META, PPC, ANDE, & INTU.
| ANDE The Andersons, Inc. ($53.51) - Food Beverages/Soap - Shares of ANDE returned to a buy signal on Wednesday with a major break of resistance at $54. The 5 for 5'er ranks in the top decile of its sector matrix and faces no resistance until $59, multi-year chart highs. The weight of the technical evidence is positive here. Initial support is offered at around $49. |
| INTU Intuit Inc. ($610.22) - Software - INTU moved higher Wednesday to break a double top at $600 before moving to $608 intraday. This 5 for 5'er moved to a positive trend in July and sits in the top quartile of the software sector RS matrix. The weight of the technical evidence is favorable and improving, however, INTU is now in overbought territory. Initial support can be seen at $568 with further support at $488. |
| MA Mastercard Incorporated Class A ($424.25) - Finance - MA shares moved higher today to break a double top at $424 to mark its first buy signal, return to a positive trend, and reach a new all-time high. This 5 for 5'er has been on an RS buy signal versus the market since August 2011. MA shares are trading near the top of their trading band with a weekly overbought/oversold reading of 63%. From here, support is offered at $360. |
| META Meta Platform Inc. ($334.82) - Internet - META posted a second consecutive buy signal on its default chart today. The move should act as a feather in the cap of what has been an already extremely productive 2023 so far, as it now sits within just one box of 2023 highs. This perfect 5/5'er now has a range of support to build on from $316-$320 and could be considered here. |
| PPC Pilgrim's Pride Corporation ($27.06) - Food Beverages/Soap - Shares of PPC broke through major resistance on Wednesday, returning to a buy signal and positive trend in the process. The now 3 for 5'er looks toward its next level of resistance situated at around $32. Weight of the evidence is positive here. |
| TPX Tempur Sealy International Inc. ($48.85) - Household Goods - TPX broke a spread triple top at $48 to return to a buy signal as the stock rallied to $49, marking a 52-week high. This brings the chart up to levels not seen since the latter part of 2021 and places the stock near the top of the 10-week trading band. TPX is a 4 for 5'er that ranks in the top quintile of the Household Goods sector matrix. From here, the stock's all-time high lies at $50, while the bullish support line sits at $37. |
