Comments include: BROS, BXP, CEG, CRC, HQY, NRG, OKLO, RVTY, THC, & WMT.
| BROS Dutch Bros Inc. Class A ($71.93) - Restaurants - BROS reversed into Xs and broke a double top at $73 to complete a bullish triangle and mark a third consecutive buy signal. The stock is a 4 for 5'er that ranks in the top half of the Restaurants sector matrix. Okay to consider here on the breakout. Initial support lies at $69, while additonial may be found at $65 and $58, the bullish support line. |
| BXP BXP Inc ($70.58) - Real Estate - Shares of BXP broke a double top at $69 for its second consecutive buy signal. Today’s move also saw BXP return to a positive trend for the first time this year, bringing it up to a 2 for 5’er. However, the stock remains one to avoid for the time being given its general lack of relative strength. From here, resistance starts at $74 – $76 with further at $83 - $84. |
| CEG Constellation Energy Corporation ($313.42) - Utilities/Electricity - CEG broke a double top at $316 for a third buy signal as shares rallied to $340, marking the highest chart level since January. The stock is a 3 for 5'er that ranks 6th (out of 45) within the Electric Utilities sector matrix. Short-term holders may look to lock in profits here as the stock now trades in overbought territory. Note the stock's all-time high lies at $352. Initial support can be found at $300, while additional may be found in the $280 range. |
| CRC California Resources Corporation ($45.67) - Oil - CRC returned to a buy signal Tuesday when it broke a double top at $46. The technical outlook for the stock remains negative, however, as CRC is a 1 for 5'er that ranks in the bottom half of the oil sector matrix. From here, overhead resistance sits at $49, while CRC's chart shows no support until $31. |
| HQY HealthEquity, Inc. ($103.14) - Healthcare - HQY inched up higher, breaking a double top at $104 and marking its fifth consecutive buy signal. The 4 for 5’er shifted up from a 2 last month after moving into a positive trend and exhibiting short-term relative strength against its peers. Additionally, the stock ranks in the top third of the healthcare sector matrix. The weekly OBOS indicates that the stock is in overbought territory, so wait for the 10-week trading band to normalize before considering. Initial support is at $97 with additional support at $95. |
| NRG NRG Energy, Inc. ($159.99) - Utilities/Electricity - NRG reversed into Xs and broke a double top at $162 for a third buy signal and mark a new all-time chart high. The stock is a 5 for 5'er that ranks 3rd (out of 45) in the Electric Utilities sector matrix. Holders may look to lock in profits here as the stock now trades in overbought territory. Beyond initial support at $154, support on the default chart isn't found until prior resistance in the mid $110s. |
| OKLO Oklo Inc. ($50.21) - Utilities/Electricity - OKLO broke a double top at $58 for a fourth consecutive buy signal. The stock is a 4 for 5'er that ranks 1st (out of 45) within the Electric Utilities sector matrix. This action brings the stock into overbought territory and within one box of its all-time chart high fromt February at $59. Initial support lies at $50, while additional may be found in the mid $30s. |
| RVTY Revvity Inc. ($90.93) - Healthcare - RVTY inched lower to break a spread quadruple bottom at $88, marking its second consecutive sell signal. The 0 for 5’er moved down from a 1 last month after exhibiting short term relative weakness against its peers. Additionally, the stock ranks in the bottom half of the healthcare sector matrix. Sell your position here. Long exposure should be avoided. Strong resistance between $93 and $94. |
| THC Tenet Healthcare Corporation ($171.64) - Healthcare - THC inched up higher to break a double top at $172, marking its fourth consecutive buy signal and a multi-year high above $174. The 5 for 5’er shifted up from a 4 last month after exhibiting short term relative strength against the market. Additionally, the stock ranks in the top decile of the healthcare sector matrix. The weekly OBOS indicates that the stock is in overbought territory, so wait for the 10-week trading band to normalize before considering. Initial support is at $164 with additional support at $160. |
| WMT Walmart Inc. ($99.56) - Retailing - WMT broke a spread quadruple top at $100 for a third consecutive buy signal. The stock is a 5 for 5'er that ranks in the top half of the Retailing sector matrix, and WMT now sits just two boxes from its all-time chart high. Okay to consider here on the breakout or on a pullback to the mid $90s. Initial support lies at $95, while additional may be found in the lower $90s. |
