Comments include: COF, COP, DASH, SWK, TGT, UAL, & WIX.
| COF Capital One Financial Corporation ($189.37) - Finance - COF shares broke a double bottom at $192 to mark their first sell signal. This 5 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since December 2020. COF shares are trading in normalized territory with a weekly overbought/oversold reading of 41%. From here, support is offered at $176. |
| COP ConocoPhillips ($87.50) - Oil - COP fell to a sell signal and a negative trend Wednesday when it broke a double bottom at $88. the negative trend change will drop COP to a weak 1 for 5'er; the stock also ranks in the bottom half of the oil sector matrix. From here, the next level of support on COP's chart sits at $87. |
| DASH DoorDash, Inc. Class A ($205.51) - Restaurants - DASH broke a double top at $208 to mark a second buy signal for the stock and clear resistance that dated to March this year. The stock is a 5 for 5'er that ranks within the top third of the Restaurants sector matrix. Okay to consider here on the breakout or on a pullback into the upper $190 range. Support on the default chart lies in the $170 range, while near-term support can be found on the more sensitive 1 point per box chart at $195. |
| SWK Stanley Black & Decker, Inc. ($66.36) - Machinery and Tools - SWK moved lower today, returning to a sell signal in the process. the stock remains a poor attribute name and is down roughly 17% so far this year. The reversal down sees this 0/5'er fail a test of its trend line around current levels. The runway lower is clear until $63, which is some old resistance bulls may be interested in defending. |
| TGT Target Corporation ($93.92) - Retailing - TGT reversed into Os and broke a triple bottom at $93. This breakdown negates the series of buy signals that had transpired off the stock's April lows. TGT has been a 0 for 5'er since March of this year and maintained a low technical attribute rating ( |
| UAL United Airlines Holdings Inc. ($73.71) - Aerospace Airline - UAL broke a double bottom at $75 for a second sell signal as shares fell to $73, the middle of the 10-week trading band. This action follows a rally off the stock's April lows and technical improvement for UAL during the first part of May. Support lies at current levels, while additional may be found at $71, the bullish support line. |
| WIX Wix.com Ltd (Israel) ADR ($153.05) - Internet - WIX fell Wednesday after the company's earnings release to break a double bottom at $160 before dropping over 16% intraday to $152. This led the stock into a negative trend, demoting WIX to a 2 for 5 TA rating. Exposure should be avoided. Further support can be seen at $148 and $144. |
