Comments include: AR, CI, CSGP, PG, RL, & VST.
| AR Antero Resources Corp ($35.82) - Oil - AR fell to a sell signal Wednesday when it broke a double bottom at $36. The weight of the evidence remains positive, however, as AR is a 4 for 5'er that ranks in the top third of the oil sector matrix. AR now sits one box above its bullish support line, beyond that, the next level of support sits at $31. AR is expected to report earnings on 7/30. |
| CI CIGNA Group/The ($309.78) - Healthcare - CI reversed down earlier this month after nearing its bearish resistance line and has now broken a double bottom at $308. The 2 for 5'er shifted down from a 3 after moving into a negative trend in May. A sell can be considered here given the weak technical attribute score. Strong resistance can be seen at $336. |
| CSGP CoStar Group Inc. ($84.50) - Real Estate - Shares of CSGP broke a spread quadruple top at $84 for its second consecutive buy signal. The stock has been extremely rangebound for the last several months, but action today saw it move above $84 for the first time in a year. The 3 for 5’er continues to lack long-term relative strength, keeping the stock in hold territory for the time being. From here, initial resistance starts at $92 and continues until $100. |
| PG The Procter & Gamble Company ($157.52) - Household Goods - PG shares broke a triple bottom at $156 for its second consecutive sell signal. The 3 for 5’er continues to trade in a negative trend and action today marked its lowest point in over a year. Those with exposure can continue to hold but should watch for further deterioration. From here, support lies at $154 with additional levels from 2023 in the low $140s. |
| RL Ralph Lauren ($290.42) - Textiles/Apparel - RL broke a double top at $288 to return to a buy signal and match the stock's all-time chart high. The stock is a 5 for 5'er that ranks 3rd (out of 23) within the Textiles/Apparel sector matrix and is accompanied by a yield of roughly 1.3%. Okay to consider here on the breakout or on a pullback to the $270 range. Initial support lies at $260, while additional can be found at prior resistance at $236. |
| VST Vistra Corp ($196.19) - Utilities/Electricity - VST reversed into Xs and broke a double top at $196 to complete a bullish triangle as shares rallied to a new all-time chart high at $200. The stock is a 5 for 5'er that ranks 5th (out of 48) in the Electric Utilities sector matrix. Okay to consider on a pullback to the lower $190 to upper $180 range. Initial support can be found at $186 and $182, while additional can be found around $160. |
