Comments include: ACGL, AMZN, BCO, CTVA, & UAL.
| ACGL Arch Capital Group Ltd. ($94.56) - Insurance - ACGL shares moved higher today to break a triple top at $95 to mark its first buy signal and enter a positive trend. This 2 for 5'er has been on an RS buy signal versus the market since July 2019. ACGL shares are trading near the middle of the ten-week trading band. From here, support is offered at $87. |
| AMZN Amazon.com Inc. ($193.90) - Retailing - AMZN broke a double top at $194 for a third consecutive buy signal. This follows the stock shifting the trend back to positive late last week, increasing AMZN up to a 4 for 5'er. Note resistance sits in the upper $190 to upper $200 range. Initial support lies at $184, while additional may be found at $180 and $174, the bullish support line |
| BCO The Brink's Company ($93.19) - Protection Safety Equipment - BCO moved roughly 3% higher today, posting its second consecutive buy signal in the process. The stock now has newfound support at the middle of the trading band. It is a 3/5'er but the technical picture is improving. Look to resistance at $99 in the near term |
| CTVA Corteva Inc ($66.86) - Chemicals - CTVA returned to a buy signal and a positive trend on Thursday when it broke a triple top at $65. The stock continued higher to $67 where it now sits against resistance dating to 2022, just shy of its all-time high. The positive trend change will promote CTVA to a 5 for 5'er and the stock ranks seventh out of 45 names in the chemicals sector matrix. From here, the first level of support sits at $54, CTVA's April low. |
| UAL United Airlines Holdings Inc. ($79.95) - Aerospace Airline - UAL broke a double top at $78 for a fourth consecutive buy signal as shares rallied to $80, flipping the trend back to positive. This will increase UAL to a 3 for 5'er as the stock maintains a long-term market and peer RS buy signal. Note resistance lies at $82. Initial support resides at $73, while additional can be found in the mid to lower $60s. |
