TMHC, ABNB, OLLI, PSA, RUN, NRP, WLK, LRN, & DELL.
| ABNB Airbnb, Inc. Class A ($111.78) - Leisure - ABNB reversed into Os and broke a double bottom at $122 for a second sell signal as the stock fell to $112, marking a 52-week low. Prior to this week, ABNB reversed into Os on both the market and peer RS charts, and action the downside action Tuesday led to the stock giving a market RS sell signal, dropping the stock to a 1 attribute rating. From here, support now lies at $104 and $100. |
| DELL Dell Technologies Inc Class C ($87.89) - Computers - DELL declined Wednesday to break a double bottom at $90 before falling to $87 intraday. This marks the stocks third consecutive sell signal that also saw it move to a negative trend earlier this week. The weight of the technical evidence is weak and continues to deteriorate. Note that further support is seen at $81, while additional overhead resistance is seen at $99. Earnings are expected on 8/29. |
| LRN Stride Inc. ($78.03) - Business Products - LRN pushed higher Wednesday after the company's earnings release to break a double top at $77 before rising to $80 intraday. This 5 for 5'er moved to a positive trend in April 2023 and sits in the top quintile of the business products sector RS matrix. While the technical picture is strong, LRN is now in an overbought position. Initial support can be seen at $71 with further support at $67 and $66. |
| NRP Natural Resource L.P. ($92.53) - Oil - NRP returned to a buy signal on Wednesday when it broke a double top at $93 and continued higher to $94, where it now sits against its bearish resistance line. Wednesday's move adds to a moderately positive technical picture as NRP is a 3 for 5'er; a move to $96 would return the stock to a positive trend and promote it to a 4 for 5'er. |
| OLLI Ollies Bargain Outlet Holding Inc. ($91.40) - Retailing - OLLI reversed into Os and broke a double bottom at $91 for a second sell signal this month. This action follows the 5 for 5'er marking a chart high at $104 back in July. OLLI continues to rank within the top decile of the Retailing sector matrix. Support for the stock now lies at $84, the bullish support line, and $83. |
| PSA Public Storage ($311.66) - Real Estate - PSA shares printed a third consecutive buy signal on Wednesday and matched their highest level since April 2023, but closed lower. Further bullish confirmation would come with a push to $320 because the 3 for 5'er now sits at the top of a well-defined trading range. Initial support is offered at around $288. |
| RUN Sunrun Inc ($18.17) - Utilities/Electricity - RUN broke a double top at $19.50 to return to a buy signal. This follows the stock testing the bullish support line and brings the trend chart to levels not seen since January this year. RUN is a 5 for 5'er that ranks 2nd (out of 48) in the Electric Utilities sector matrix. RUN can be considered in the $16 to $19 range. Initial support lies at $15, the bullish support line, while additional can be found at $14.50. |
| TMHC Taylor Morrison Home Corporation ($59.53) - Building - TMHC reversed into Os and broke a double bottom at $59 for a second sell signal since peaking at $69 in July. The stock continues to have a 5 attribute rating and ranks in the top third of the Building sector matrix. But holders should monitor support in the mid to low $50s, with the bullish support line residing at $52. |
| WLK Westlake Corp. ($144.40) - Chemicals - WLK returned to a buy signal and a positive trend on Wednesday when it broke a double top at $150, where it now sits against resistance. The positive trend change will promote WLK to a 5 for 5'er and the stock ranks in the top half of the chemicals sector matrix. |
