AAPL, CBRL, CC, CMI, EMN, GM, GRMN, NCLH, SO, TXRH, ZTS
| AAPL Apple Inc. ($207.82) - Computers - AAPL moved back to a buy signal on Tuesday with a breakout at $208. This led the stock back into a positive trend, promoting it to a 3 for 5 TA rating. While the near-term technical picture is improving, AAPL is still in a definable range that has been in place since late April. Further positive confirmation would be seen with a potential breakout at $216. Initial support can be seen at $196 and $194. |
| CBRL Cracker Barrel Old Country Store, Inc. ($64.71) - Restaurants - CBRL broke a double top at $64 for a second buy signal as shares move to $66, marking a 52-week high. The stock is a 5 for 5'er that ranks within the top quintile of the Restaurants sector matrix and is accompanied by a yield of 1.7%. Okay to considered on a pullback to the lower $60s. Initial support lies at $60, while additional can be found at $57 and $52. |
| CC The Chemours Company ($12.35) - Chemicals - CC returned to a buy signal Tuesday amid a broad rally in chemicals, breaking a double top at $12.50, where it now sits against resistance. The outlook for the stock remains negative however, as CC is a 1 for 5'er that ranks in the bottom decile of the chemicals sector matrix. From here, support can be found at $9.50, CC's 2025 low. |
| CMI Cummins Inc. ($329.62) - Machinery and Tools - CMI broke back into a positive trend today, which will see the stock earn its 4th attribute point. Keep in mind that this break does see the name challenge some resistance around $336... so interested parties may wait and see how price action develops from here. Regardless, the move is a constructive one for longer-term holders as the stock claws its way back to even for the year. |
| EMN Eastman Chemical Company ($78.20) - Chemicals - EMN returned to a buy signal Tuesday with a double top break at $79. The outlook for the stock remains negative, however, as EMN is a 0 for 5'er and ranks in the bottom third of the chemicals sector matrix. EMN now faces overhead resistance at $81, while support can be found at $75. |
| GM General Motors ($51.63) - Autos and Parts - GM broke a double top at $51 for a second buy signal. This break also flips the trend back to positive, which will increase the stock up to a 3 for 5'er. The stock also ranks within the top half of the Autos and Parts sector matrix and is accompanied by a yield of 1.2%. From here, resistance lies at $53 and $55. Initial support resides at $47, while the bullish support line sits at $45. |
| GRMN Garmin Ltd. ($211.55) - Leisure - GRMN broke a double top at $212 for a second buy signal. The stock has been a 5 for 5'er since August of 2024 and maintains a yield of 1.7%. Okay to consider here on the breakout. Note the stock's all-time high at $244. Initial support resides at $198, while additional can be found at $186 and $180. |
| NCLH Norwegian Cruise Line Holdings Ltd. ($20.91) - Leisure - NCLH broke a spread triple top at $21 for a third buy signal and to shift the trend back to positive. This increases the stock up to a 3 for 5'er when coupled along with the long-term positive relative strength against the market and peer group. Okay to consider here on the breakout. Note the stock's all-time chart high sits at $29. Initial support resides at $17.50, the bullish support line. |
| SO The Southern Company ($92.17) - Utilities/Electricity - SO broke a triple top at $92 to return to a buy signal and flip the trend back to positive. This will increase the stock to a 4 for 5'er trading in a positive trend and that currently ranks within the top quartile of the Electric Utilities sector matrix. Okay to consider here on the breakout. Note resistance lies at $93 and $94, the October 2024 all-time high. Initial support lies at $88, the bullish support line, while additional can be found in the lower $80s. |
| TXRH Texas Roadhouse, Inc. ($190.40) - Restaurants - TXRH reversed into Xs and broke a double top at $192 to return to a buy signal. The stock is a 5 for 5'er that ranks within the top half of the Restaurants sector matrix and is accompanied by a yield of 1.5%. Okay to consider here on the breakout. Note resistance lies in the upper $190s, while the all-time chart high resides at $204. Support can be found in the lower $180s, while the bullish support line at $174. |
| ZTS Zoetis Inc. ($159.24) - Drugs - ZTS inched further down to complete a bullish signal reversal at $154. With its latest move, the 1 for 5'er shifts down from a 2 after moving into a negative trend. Additionally, the stock ranks in the bottom half of the drugs sector matrix. Consider selling your position here. Initial resistance is at $172, with additional resistance at $176. |
