Comments include: APOG, AZO, CENX, FLEX, HSY, and OLLI.
| APOG Apogee Enterprises, Inc. ($51.56) - Building - APOG broke a triple top at $52 to return to a buy signal. This follows the stock testing the bullish support line back in October and it marks a multi-year high for the stock. APOG is a 4 for 5'er that ranks in the bottom half of the Building sector matrix, so other stocks within the industry group maintain superior RS. Support on the chart lies at the bullish support line at $42. |
| AZO Autozone, Inc. ($2,616.62) - Autos and Parts - AZO reversed into Os and broke a double bottom at $2592. This follows the stock meeting resistance on three occasions in the past couple of months at $2720. AZO is a 4 for 5'er that sits in the bottom half of the Autos and Parts sector matrix, but the stock now lies within one box of its bullish support line. From here, a move below $2528 on the chart would flip the trend to negative. Beyond the bullish support line at $2560, additional support lies at $2400. |
| CENX Century Aluminum Co ($9.74) - Metals Non Ferrous - CENX returned to a buy signal on Friday when it broke a double top at $10. The overall technical picture remains negative, however, as CENX is a 2 for 5'er trading in a negative trend. From here, the stock faces overhead resistance at $12.50, while support can be found at $6. |
| FLEX Flex Ltd ($28.88) - Electronics - FLEX moved higher Friday to break a double top at $29, marking a second consecutive buy signal and a new multi-year high. This 5 for 5'er moved to a positive trend in August 2022 and sits in the top half of the electronics sector RS matrix. The weight of the technical evidence is positive, however, FLEX is now in overbought territory. Those looking to add exposure may be best served waiting for a pullback or normalization in the trading band. Initial support is seen at $24. |
| HSY The Hershey Company ($182.10) - Food Beverages/Soap - HSY shares returned to a sell signal on Friday with a double bottom break at $184; the 2 for 5'er now rests at 2023 lows. Avoid. Further bearish confirmation would come with a move past $180. |
| OLLI Ollies Bargain Outlet Holding Inc. ($69.21) - Retailing - OLLI reversed into Os and broke a spread quadruple bottom at $71 as the stock fell to $70. This is the second sell signal for the stock and breakdown also violates the bullish support line. The trend flip will drop the stock to a 2 for 5'er, and this follows market and peer RS chart reversals into Os. OLLI lies at the lowest level since July of this year, and support on the default chart isn't found until $58. Additional support lies in the lower-$50s. |
