ACGL, AU, BDX, CENX, CMC, EGO, FNV, MNDY, MRUS, NEM, NUE, NVS, PLTR, RGLD, SPOT, WMB
| ACGL Arch Capital Group Ltd. ($96.09) - Insurance - ACGL shares moved higher today to break a triple top at $96 to mark its second consecutive buy signal. This 2 for 5'er has been in a positive trend since May and on an RS buy signal versus the market since July 2019. ACGL shares are trading in normalized territory with a weekly overbought/oversold reading of 17%. From here, support is offered at $92. |
| AU AngloGold Ashanti Limited (South Africa) ADR ($47.42) - Precious Metals - AU gained more than 8.5% on Monday and returned to a buy signal with a double top break at $46. The move adds to an already positive technical picture as AU is a 4 for 5'er that ranks second out of 21 names in the precious metals sector matrix. From here, the first level of support sits at $39. |
| BDX Becton, Dickinson and Company ($169.40) - Healthcare - BDX reversed back down to break a triple bottom at $168, marking its second consecutive sell signal. The 0 for 5’er moved into a negative trend in April and ranks near the bottom of the healthcare sector matrix. The weekly OBOS indicates that the stock is in oversold territory, but given the weak technical attribute score, you can consider selling now or when the 10-week trading band normalizes. Strong resistance at $176. |
| CENX Century Aluminum Co ($18.73) - Metals Non Ferrous - CENX gained more than 20% on Monday, returning to a buy signal and a positive trend when it broke a quadruple top at $18. The positive trend change will promote CENX to a still unfavorable 2 for 5'er. However, given the magnitude of Monday's move, CENX's technical attribute rating could improve further in short order. The stock now sits against resistance at $20, while support can be found at $15.50. |
| CMC Commercial Metals Corporation ($49.21) - Steel/Iron - CMC returned to a positive trend Monday when it broke a triple top at $50. The trend change will promote the stock to an acceptable 3 for 5'er. CMC now finds support at $46, while overhead resistance sits at $53. |
| EGO Eldorado Gold Corporation ($21.00) - Precious Metals - EGO completed a shakeout pattern when it broke a triple top at $21 on Monday, marking a new multi-year high for the stock. Monday's move adds to a marginally positive technical outlook as EGO is a 3 for 5'er, but ranks in the bottom quartile of the precious metals sector matrix. From here, support sits at $17.50. |
| FNV Franco-Nevada Corp. ($178.17) - Precious Metals - FNV returned to a buy signal Monday with a triple top break at $174 and continued higher to $178, where it now sits against resistance. A move to $180 would mark a new all-time high for the stock. FNV is a 3 for 5'er and ranks 16th of 21 names in the precious metals sector matrix. |
| MNDY monday.com Ltd. ($304.08) - Software - MNDY advanced Monday to break a quadruple top at $304. This 4 for 5'er moved to a positive trend in April and sits in the top quartile of the favored software sector RS matrix. The technical picture is improving and shows positive momentum out of a near-term consolidation range. Initial support is seen at $284 and between $272-$268. |
| MRUS Merus NV ($58.53) - Biomedics/Genetics - MRUS moved higher to break a double top at $58, marking its second consecutive buy signal. The 5 for 5’er moved up from a 2 last month after moving into a positive trend and exhibiting both short term and long-term relative strength against the market. The weekly OBOS is currently in overbought territory, so wait for the 10-week trading band to normalize before considering. Initial support is at $50 with additional support at $40. |
| NEM Newmont Corp ($55.58) - Precious Metals - NEM gave an initial buy signal Monday when it broke a double top at $55, where it now sits against resistance. The technical picture for the stock remains unfavorable, however, as NEM is a 2 for 5'er that ranks in the bottom half of the precious metals sector matrix. NEM now finds support at $49. |
| NUE Nucor Corporation ($120.40) - Steel/Iron - NUE returned to a buy signal Monday when it broke a triple top at $124, where it now sits against bearish resistance line. Despite gaining 10% on Monday, the technical picture for NUE remains negative as the it is a 1 for 5'er and ranks last in the steel/iron sector matrix. |
| NVS Novartis AG (Switzerland) ADR ($116.70) - Drugs - NVS inched up higher to break a triple top at $116. The 4 for 5’er shifted up from a 3 on Monday after moving into a positive trend and ranks in the top half of the drugs sector matrix. Additionally, NVS is accompanied by a yield of 3.55%. Long exposure can be considered here but note that NVS has been on a market RS sell signal since 2007. Initial support is at $106 with additional support at $98. |
| PLTR Palantir Technologies Inc. Class A ($132.04) - Software - PLTR pushed higher Monday to break a double top at $134, notching a fifth consecutive buy signal and a new all-time high. This 5 for 5'er moved to a positive trend in April and has maintained an RS buy signal against the market since May 2023. The stock also sits in the top decile of the favored software sector RS matrix. The technical picture is favorable and continues to improve. Initial support can be seen at $120 with further support at $106 and $92. |
| RGLD Royal Gold Inc ($186.71) - Precious Metals - RGLD returned to a buy signal Monday with a double top break at $186. The move adds to an already positive technical picture as RGLD is a 5 for 5'er. From here, overhead resistance sits at $190, RGLD's all-time high. Meanwhile, support can be found at $166. |
| SPOT Spotify Technology S.A. ($670.34) - Media - SPOT moved higher today, maintaining its strong technical picture. The perfect 5/5'er ranks 3rd of 33 of the media sector matrix. Continue to look for exposure as needed. |
| WMB Williams Companies Inc. ($61.10) - Gas Utilities - WMB broke a triple top at $61 for a second buy signal and to match the stock's all-time chart high. The stock is a 5 for 5'er that ranks within the top half of the Gas Utilities sector matrix and is accompanied by a yield of roughly 3.3%. From here, a move to $62 would mark a new all-time chart high and clear resistance that dates to January of this year. Initial support lies in the mid $50s, while additional may be found at $52, the 2025 chart lows. |
