Comments include: AA, CBRE, COF, KR, MOG.A, NNE, PPC, TPR, & V.
| AA Alcoa Inc. ($28.75) - Metals Non Ferrous - AA gave an initial buy signal Wednesday when it broke a double top at $30. The outlook for the stock remains weak, however, as it is a 0 for 5'er that ranks 12th of 12 names in the non ferrous metals sector matrix. From here, the next level of overhead resistance sits at $35, while support can be found at $26. |
| CBRE CBRE Group, Inc. ($133.57) - Real Estate - Shares of CBRE broke a double top at $134 for its third consecutive buy signal. The strong 5 for 5’er moved back to a positive trend in May and the stock ranks in the top decile of the real estate sector matrix. However, the stock now faces resistance at $134 with further resistance levels from $142 to $146. |
| COF Capital One Financial Corporation ($200.62) - Finance - COF shares moved higher today to break a double top at $204 to mark its first buy 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 actionable territory with a weekly overbought/oversold reading of 40%. From here, support is offered at $184. |
| KR The Kroger Co. ($64.48) - Retailing - KR broke a double bottom at $65 for a second sell signal. The move violates the bullish support line, which will drop the stock to a 3 for 5'er, and brings shares down to test near-term support. Additional support may be found at $62 as well as in the upper $50s. |
| MOG.A Moog Inc. ($178.57) - Aerospace Airline - MOG.A moved lower today, posting a PnF sell signal at $180. There are two trains of thought here. One, the move marks the sell signal in a bullish shakeout pattern. On the other hand, the name has certainly shed relative strength and still sits well off 2024 highs. The series of lower highs throughout 2025 leaves plenty of resistance in the near term, closely at $188. Watch for the technical "action point" on the shakeout at $186 but do exercise caution if you pick up exposure. |
| NNE Nano Nuclear Energy Inc. ($33.58) - Utilities/Electricity - NNE broke a double top at $35 for a third buy signal since the beginning of May. The stock improved to a 3 for 5'er after both the market and peer RS charts reversed back into Xs during last week's trading. Okay to consider here on the breakout. Note resistance at $37 provides the next hurdle. Initial support lies at $29, while additional can be found at $25 and $21, the bullish support line. |
| PPC Pilgrim's Pride Corporation ($45.11) - Food Beverages/Soap - Shares of PPC broke a double bottom at $45 for its third consecutive sell signal. The 3 for 5’er moved to a negative trend in April before losing its near-term market strength at the start of May. The stock is still a hold for now, but it is close to losing its near-term relative strength versus its peer group. From here, long-term support lies at $44 with additional support at $41 then $34. |
| TPR Tapestry Inc. ($81.82) - Textiles/Apparel - TPR broke a double top at $82 for a third buy signal since mid April. The stock is a 5 for 5'er that ranks within the top quintile of the Textiles/Apparel sector matrix and is accompanied by a yield of roughly 1.8%. Okay to consider here on the breakout or on a pullback to the upper $70s. Initial support lies at $77, while addtional may be found in the mid $70s and the bullish support line sits at $68. |
| V Visa Inc. ($371.75) - Finance - V shares moved higher today to break a double top at $372 to mark its third consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since October 2022 and on an RS buy signal versus the market since November 2012. V shares are trading in actionable territory with a weekly overbought/oversold reading of 49%. From here, support is offered at $356. |
