Comments include: BURL, EXEL, FANG, FI, GOOGL, NBR, TPL, TSLA, & UAL.
| BURL Burlington Stores, Inc. ($222.45) - Retailing - BURL broke a double bottom at $220 to return to a sell signal and violate the bullish support line. This will drop the stock down to 2 for 5'er trading in a negative trend, and the stock now resides in the bottom half of the Retailing sector matrix. From here, support resides at $216, the April chart and 52-week low. |
| EXEL Exelixis, Inc. ($43.48) - Biomedics/Genetics - EXEL moved up higher on Monday, breaking a double top at $49, marking its eighth consecutive buy signal and a multi-year high. The 4 for 5'er has been in a positive trend since early 2023 and ranks in the top quartile of the biomedics/genetics sector matrix. Long exposure can be considered here. Initial support is at $40, where prior resistance stood, and additional support is at $35. |
| FANG Diamondback Energy Inc ($141.15) - Oil - FANG fell to a sell signal Monday when it broke a double bottom at $148 and continued lower to $142, where it now sits against its bullish support line. Monday's move adds to a weak technical picture as FANG is a 2 for 5'er and ranks in the bottom half of the oil sector matrix. |
| FI Fiserv, Inc. ($170.54) - Finance - FI shares moved higher today to break a triple top at $170 to mark its first buy signal. This 3 for 5'er has been in a positive trend since November 2022 and on an RS buy signal versus the market since September 2008. FI shares are trading below the middle of their trading band with a weekly overbought/oversold reading of -40%. From here, support is offered at $160. |
| GOOGL Alphabet Inc. Class A ($164.73) - Internet - GOOGL moved lower today, returning to a sell signal in the process. As previous comments have mentioned, the stock has underperformed substantially in 2025 so far and additional exposure should be limited for now. Towards the downside, we will watch the bullish support line at $158. A breach of that point would push the stock back into unfavorable territory. |
| NBR Nabors Industries, Inc. ($30.57) - Oil Service - NBR fell more than 6% on Monday as crude oil reversed down sharply intraday. Monday's move adds to an already unfavorable technical outlook as NBR is a 2 for 5'er that has been trading in a negative trend since late 2024. From here, the next level of support sits at $24, the multi-year low NBR reached in May. |
| TPL Texas Pacific Land Trust ($1,050.00) - Real Estate - Shares of TPL broke a double bottom at $1056 for its second consecutive sell signal. The stock moved into a negative trend and reversed into a column of Os on both its market and peer RS charts at the end of May, bringing it into sell territory. Today’s move will likely see the stock move to a market RS sell signal, which would knock it down to a weak 1 for 5’er. While those with exposure should look to cut loose, they might be best suited to wait for some consolidation or reversal higher given its oversold/oversold reading below -70%. From here, initial support starts at $992 with additional support at $880. |
| TSLA Tesla Inc. ($349.19) - Autos and Parts - TSLA broke a triple top at $336 to return the stock to a buy signal as shares rallied to $356. The stock is a 3 for 5'er that ranks within the top quartile of the Autos and Parts sector matrix. Near-term resistance lies in the mid $360s, the recent rally high. Near-term support now lies at $316, while the bullish support line resides at $292. |
| UAL United Airlines Holdings Inc. ($77.16) - Aerospace Airline - UAL broke a spread quadruple bottom at $72 to return the stock to a sell signal and violate support dating back to May. The breakdown also violates the bullish support line, which will drop the stock down to a 2 for 5'er trading in a negative trend. From here, support for the stock now lies in the mid to lower $60s. |
