Comments include: BSX, CBRL, DVA, FI, NRG, & VST.
| BSX Boston Scientific Corporation ($107.64) - Healthcare - BSX inched higher to break a spread triple top at $108, marking its second consecutive buy signal and a new all-time high. The 5 for 5'er has been on a market RS buy signal since 2013 and ranks in the top quartile of the healthcare sector matrix. Long exposure can be considered here. Initial support is at $98, with additional support at $93. |
| CBRL Cracker Barrel Old Country Store, Inc. ($71.36) - Restaurants - CBRL broke a double top at $70 to return to a buy signal as shares rallied to $71. The stock is a 4 for 5'er that ranks 1st (out of 28) in the Restaurants sector matrix and is accompanied by a yield of 1.5%. Okay to consider here on the breakout. Initial support lies at $64, while additional can be found at $60 and $57. |
| DVA DaVita, Inc. ($151.32) - Healthcare - After facing strong resistance at $146, DVA inched higher to break a quadruple top at $148, reaching an intraday high above $150. The 4 for 5'er shifted up from a 3 on Wednesday after moving into a positive trend. The technical picture is strong and improving. Initial support is at $140, with additional strong support at $134. |
| FI Fiserv, Inc. ($141.10) - Finance - FI shares dropped sharply following earnings after announcing lower than expected forward guidance. This 2 for 5'er entered a negative trend following today's action but has been on a an RS buy signal versus the market since September 2008. FI shares are trading in heavily oversold territory. From here, support is offered at $110. |
| NRG NRG Energy, Inc. ($161.34) - Utilities/Electricity - NRG broke a double top at $156 to return to a buy signal as shares rallied to $164. The stock is a 5 for 5'er that ranks 3rd (out of 48) in the Electric Utilities sector matrix and is accompanied by a yield north of 1%. Okay to consider here on the breakout or on a pullback to $158 on the chart. Note the stock's all-time chart high lies at $168. Initial support lies at $148, while additional can be found at $144. |
| VST Vistra Corp ($199.93) - Utilities/Electricity - VST broke a double top at $196 to return to a buy signal as shares rallied to $204, marking a new all-time chart high. The stock is a 5 for 5'er that ranks within the top quintile of the Electric Utilities sector matrix. Okay to consider on a pullback to the mid $190s. Initial support lies at $182, while additional can be found at $162 and $158. |
