Comments include: BG, CNR, DGX, GD, HAL, OXY, RDWR, V, & XOM.
| BG Bunge Limited ($80.83) - Food Beverages/Soap - BG shares broke a double top at $81 to move back to a buy signal. Today’s move also saw the stock flip its trend back to positive, bringing it up to a 2 for 5’er. However, it still lacks long-term relative strength versus both the market and its peer group. While BG is trending in the right direction, further improvement is needed before it enters buy territory. From here, initial resistance is at $83 with further resistance from $90 to $92. |
| CNR Core Natural Resources Inc. ($73.29) - Oil - CNR returned to a buy signal and a positive trend when it broke a double top at $74 on Friday. The positive trend change will promote CNR to a still unfavorable 2 for 5'er. The stock now sits just below notable resistance at $75 and $76, meanwhile support can be found at $65. |
| DGX Quest Diagnostics Incorporated ($180.21) - Healthcare - DGX inched higher to break a spread quintuple top at $180, marking a new all-time high. The 4 for 5'er shifted up from a 3 after moving into a positive trend. Additionally, the stock ranks in the top quintile of the healthcare sector matrix and offers a yield of 1.8%. DGX currently sits in actionable territory for those interested. Initial strong support is at $170, with additional support at $162. |
| GD General Dynamics Corporation ($283.00) - Aerospace Airline - GD moved higher today, returning to a positive trend in the process. The stock will move back to a technically acceptable 3/5'er, leaving it without resistance until all-time highs around $316. The risk-reward profile is attractive around current levels despite not having the strongest technical score, so those looking for smaller positions may initiate an outlier position around current levels. Look to support around $264. |
| HAL Halliburton Company ($23.17) - Oil Service - HAL gave an initial buy signal Friday when it broke a triple top at $23. The technical picture for the stock remains weak, however, as HAL is a 0 for 5'er that ranks in the bottom decile of the oil service sector matrix. HAL now finds support at $19.50, while the next test to the upside is the bearish resistance line which currently sits at $28. |
| OXY Occidental Petroleum Corporation ($46.38) - Oil - OXY gave an initial buy signal Friday when it broke a double top at $45. The technical outlook for the stock remains unfavorable as OXY is a 2 for 5'er that ranks in the bottom quintile of the oil sector matrix. |
| RDWR RADWARE Ltd. (Israel) ADR ($26.53) - Internet - RDWR advanced Friday to break a double top at $26 before reaching a new multi-year high at $27 intraday. This moves the Israeli internet company back to a positive trend and promotes it to a 4 for 5 TA rating. Note that the stock has been on an RS buy signal against the market since mid-2024. The weight of the technical evidence is favorable, however, the stock is now in overbought territory. Initial support is not seen until $18.50. |
| V Visa Inc. ($351.92) - Finance - V shares fell today to break a double bottom at $352 to mark its first sell signal. 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 near the middle of their ten-week trading band. From here, support is offered at $320. |
| XOM Exxon Mobil Corporation ($112.33) - Oil - XOM gained more a little under 2.5% on Friday amid escalating tensions between Israel and Iran. The move returned XOM to a buy signal and a positive trend on its default chart with a double top break at $112. The positive trend change will promote the stock to an acceptable 3 for 5'er. From here, the next level of overhead resistance sits at $118, while support can now be found at $102. |
