Comments include: CRK, CRM, HOOD, HQY, INTC, NOG, OHI, SHOP, TSLA, UAL, & URBN.
| CRK Comstock Resources ($16.41) - Oil - CRK fell to a sell signal and a negative trend Friday when it broke a triple bottom at $17.50. The stock continued lower to $16.50, where it now sits against support. The negative trend change will drop CRK to an unfavorable 2 for 5'er. |
| CRM Salesforce Inc. ($250.84) - Software - CRM dropped Friday to break a double bottom at $252, marking a second consecutive sell signal. This 1 for 5'er moved to a negative trend in March and sits in the bottom half of the software sector RS matrix. The weight of the technical evidence is weak and deteriorating. Further support can be seen at $236 and $232. Overhead resistance may be seen initially at $272 and $276. |
| HOOD Robinhood Markets, Inc. Class A ($100.11) - Wall Street - HOOD shares moved lower today to break a double bottom at $98 to mark its first sell signal. This 5 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since February 2024. HOOD shares are trading in actionable territory. From here, support is offered at $91. |
| HQY HealthEquity, Inc. ($90.83) - Healthcare - HQY reversed back down into a column of Os on Friday, completing a bearish triangle at $94 and reaching an intraday low below $91. The 3 for 5'er shifted down from a 4 on Friday after moving into a negative trend. HQY is still rated a hold, but the technical picture continues to show signs of deterioration. Long exposure should be avoided. Initial resistance is between $99-$100, with additional resistance at $106. |
| INTC Intel Corporation ($19.25) - Semiconductors - INTC dropped Friday to break a double bottom at $19. This ends a streak of two consecutive buy signals for the 1 for 5'er that has been in a negative trend since March. The weight of the technical evidence is weak and deteriorating. Weekly momentum also just flipped negative, suggesting the potential for further downside. Further support can be seen at $18.50 and $18. Overhead resistance may be seen initially at $24. |
| NOG Northern Oil & Gas Inc. ($25.03) - Oil - NOG fell to a sell signal on Friday when it broke a double bottom at $25. The move adds to an already weak technical picture as NOG is a 1 for 5'er that ranks in the bottom half of the oil sector matrix. From here, the next level of support on NOG's chart sits at $20, the multi-year low it reached earlier this year. |
| OHI Omega Healthcare Investors Inc ($39.81) - Real Estate - Shares of OHI broke a quadruple top at $40 for its third consecutive buy signal. The 4 for 5’er could be considered on a pullback or consolidation given its intraday overbought/oversold (OBOS) reading north of 80%. Extremely strong support lies at $36 while resistance from all-time highs lies at $44. The stock also offers a strong yield of 6.90%. |
| SHOP Shopify Inc ($118.60) - Retailing - SHOP broke a double bottom at $118 to initiate a shakeout pattern. The stock is a 5 for 5'er that ranks within the top quintile of the Retailing sector matrix. From here, the action point for the shakeout pattern would be upon a reversal back into Xs at $122, while the pattern would be complete upon a triple top break at $130. Support lies at $112, while additional can be found in the $102 to $104 range. |
| TSLA Tesla Inc. ($302.97) - Autos and Parts - TSLA broke a double bottom at $300 for a second sell signal following a second test of the bearish resistance line. The stock continues to maintain a 2 technical attribute rating and trade in a negative trend. From here, support lies at $292 and in the $270 range. |
| UAL United Airlines Holdings Inc. ($84.50) - Aerospace Airline - UAL broke a double bottom at $87 to return the stock to a buy signal as shares fell to $83. The stock maintains a 4 technical attribute rating and ranks within the top half of the Aerospace Airline sector matrix. From here, support lies in the $80 to $81 range, while additional can be found at $77 and $72. |
| URBN Urban Outfitters, Inc. ($75.15) - Retailing - URBN broke a double bottom at $73 to initiate a shakeout pattern. The stock is a 5 for 5'er that ranks within the top decile of the Retailing sector matrix. From here, the action point for the shakeout pattern would be upon a reversal back into Xs at $76, while the pattern would be complete upon a triple top break at $79. Support lies at $69, while additional can be found at $66 and $64, the bullish support line. |
