Comments include: BRBR, EQIX, H, PH, SPOT, TJX, & TOST.
| BRBR BellRing Brands Inc. ($56.94) - Food Beverages/Soap - Shares of BRBR broke a double bottom at $58 for its fourth consecutive sell signal. Today’s move also saw the stock flip its trend to negative, bringing it down to a weak 2 for 5’er. Those with exposure should look to cut loose but might be best off waiting for some consolidation or reversal higher given its intraday overbought/oversold reading of -70%. From here, strong support lies at $49. |
| EQIX Equinix, Inc. ($757.55) - Real Estate - Shares of EQIX plummeted Thursday, seeing it break a double bottom at $752 to move to a sell signal, in addition to flipping its trend to negative. Today’s movement also saw the stock reverse into a column of Os on its market RS chart, bringing it down an unacceptable 2 for 5’er. That said, the stock is trading at the bottom of its trading band, so those with exposure could wait for some consolidation or reversal higher before selling. From here, initial support lies at $688 with support from the last several years continuing to $648. |
| H Hyatt Hotels Corp. ($138.84) - Leisure - H broke a triple top at $138 to return to a buy signal as shares rallied to $140, flipping the trend back to positive. This will increase the stock to a 3 for 5'er when coupled with the positive long-term market and peer RS. Resistance lies in the lower 140s. Initial support can be found in the mid to upper $120s with the bullish support line residing at $120. |
| PH Parker-Hannifin Corporation ($692.35) - Machinery and Tools - PH completed a bullish triangle with today's action. The technical picture is overwhelmingly positive for this 5/5'er, which now has baked in support between $640 & $648. The stock will set its sites on resistance in the low $700's, all time highs dating back to late 2024 and early 2025. |
| SPOT Spotify Technology S.A. ($769.94) - Media - SPOT moved higher today, reaching new all-time highs off a recent double top buy signal and gains now exceeding over 60% YTD. Trading at a high intraday OBOS reading of 89.17%, current levels warrant normalization, so watch for potential pullbacks to local support around $704 and $680. |
| TJX The TJX Companies, Inc. ($122.15) - Retailing - TJX broke a double bottom at $122 to complete a bullish signal reversal pattern as shares fell to $120. The stock is a 4 for 5'er after the stock fell into a column of Os on the peer RS chart in the first half of June. From here, support now lies at $118, while additional can be found in the $108 to $114 range. |
| TOST Toast, Inc. Class A ($42.21) - Restaurants - TOST broke a triple bottom at $41 to return the stock to a sell signal are rallying to 52-week highs at $45 in late May and early June. The stock is a 5 for 5'er that ranks in the top half of the Restaurants sector matrix. From here, support now lies at $34, the bullish support line, while additional can be found at $29, the April chart low. |
