
Comments include: BRBR, HCA, & WLFC.
BRBR BellRing Brands Inc. ($63.77) - Food Beverages/Soap - Shares of BRBR plummeted after disappointing earnings on Tuesday, returning the stock to a sell signal. The previous 5 for 5’er reversed into a column of Xs on its market RS chart while its peer RS chart may do so overnight. The stock remains ok to hold for now, but further deterioration, such as flipping into a negative trend, would bring it out of acceptable territory. The stock is nearing slightly oversold territory with today’s move, holding an intraday OBOS reading around -60%. It now sits right above support at $64 with its bullish support line at $55. Previous resistance in the low $60s could serve as potential bounce points as well. |
HCA HCA Healthcare Inc. ($356.70) - Healthcare - HCA inched higher to break a double top at $352, marking its second consecutive buy signal. The 5 for 5’er moved into a positive trend last month and has been on a market buy signal since 2012. Additionally, HCA ranks in the top half of the healthcare sector matrix. The weight of the technical evidence is positive. Long exposure can be considered here. Initial support is at $328, also the general location of the newly established bullish support line. |
WLFC Willis Lease Finance Corp. ($130.13) - Aerospace Airline - WLFC moved lower today on poor earnings, tumbling as much as 17% for the day. The stock moved down to a weak attribute name to start April and has now shed roughly 37% of its value so far this year. The move posts fresh 2025 lows and brings the name back down below a range of resistance in the mid $140's the stock fought valiantly to move back. Continue to avoid. |