ASML, AVB, HCC, HSY, MUSA, RENT, WAB, and WSM.
| ASML Asm Lithograpghy HLDG NV (Netherlands) ADR ($930.02) - Semiconductors - ASML rose Friday to break a double top at $928. This 5 for 5'er moved to a positive trend in November and sits in the top half of the semiconductors sector RS matrix. The stock has also been on an RS buy signal against the market since December 2022. The weight of the technical evidence is favorable and improving once again. Initial support can be seen at $864 with overhead resistance initially found at $1008 and $1056. |
| AVB AvalonBay Communities, Inc. ($196.81) - Real Estate - AVB shares gave a second consecutive buy signal on Friday and tested their 52-week highs, but the stock is still a 3 for 5'er at this time. Further bullish confirmation would come with a breakout at $200. |
| HCC Warrior Met Coal Inc ($64.13) - Oil - HCC fell to a sell signal on Friday when it broke a triple bottom at $64. The outlook for HCC remains positive as the stock is a 5 for 5'er that ranks in the top decile of the oil sector matrix. From here, the next level of support is HCC bullish support line at $59. However, beyond this level the chart shows no additional support until $56, more than 12% away from Friday's close. |
| HSY The Hershey Company ($203.95) - Food Beverages/Soap - HSY shares broke a double top at $204 on Friday and reentered a positive trend, making the stock a 3 for 5'er again. That said, further bullish confirmation is needed - a breakout at $212 could suffice. Big support is offered in the low $180 range. |
| MUSA Murphy USA Inc. ($432.29) - Oil - MUSA returned to a buy signal on Friday when it broke a double top at $432, marking a new all-time high for the stock. The move adds evidence to an already positive technical picture as MUSA is a 5 for 5'er that ranks in the top half of the oil sector matrix. MUSA now finds support at $384. |
| RENT Rent the Runway, Inc. ($16.90) - Retailing - RENT reversed into Xs and broke a double top at $17 for a second buy signal as the stock rallied to $18.50. The stock is a 5 for 5'er following reversals into Xs on both the market and peer RS charts. Okay to consider here on the breakout or on a pullback toward the middle of the trading band. Initial support lies at $13, while additional can be found at $9.50. |
| WAB Wabtec Inc. ($167.97) - Autos and Parts - WAB broke a double top at $168 for a fourth consecutive buy signal since June of 2023. and to mark a new all-time high. The stock is a 3 for 5'er that ranks 4th (out of 56) in the Autos and Parts sector matrix. With the stock still residing in overbought territory, those seeking exposure may consider dollar cost averaging into exposure on pullbacks. Initial support lies at $160, while additional lies at $144. |
| WSM Williams-Sonoma, Inc. ($313.76) - Retailing - WSM broke a double top at $320 for a fourth consecutive buy signal since February this year. The stock is a 5 for 5'er that ranks 3rd (out of 84) in the Retailing sector matri and is accompanied by a yield of roughly 1.5%. Okay to consider here on the breakout or on a pullback toward the middle of the trading band. Initial support lies at $280. |
