Comments include: AU, EA, FNV, IDXX, ON, SPOT, TJX, W, WFC, & Z.
| AU AngloGold Ashanti Limited (South Africa) ADR ($53.17) - Precious Metals - AU was up more than 9% Monday and reached a new all-time high when it broke a spread triple top at $52. The move adds to an already strong technical picture as AU is a 5 for 5'er that ranks second of 23 names in the precious metals sector matrix. AU is now on the verge of heavily overbought territory with a weekly OBOS reading north of 60%. From here, the first level of support sits at $45. |
| EA Electronic Arts Inc. ($159.65) - Leisure - EA reversed into Xs and broke a triple top at $160 for a second buy signal. This brings the 3 for 5'er up to test near-term resistance, and from here, a more to $162 would mark the highest chart level since December 2024. Additional resistance lies at $168, the all-time chart high. Initial support lies at $152 and $148, while additional can be found in the $140 to $142 range. |
| FNV Franco-Nevada Corp. ($166.70) - Precious Metals - FNV returned to a buy signal Monday when it broke a double top at $166, where it now sits against resistance. The outlook for the stock remains unfavorable, however, as FNV is a 1 for 5'er that ranks in the bottom quintile of the precious metals sector matrix. From here, the first level of support sits at $158. |
| IDXX IDEXX Laboratories, Inc. ($682.93) - Healthcare - IDXX reversed back into Xs to break a double top at $584, marking its third consecutive buy signal and an intraday high above $688. The 5 for 5'er shifted up from a 4 after exhibiting long term relative strength against the market. Additionally, IDXX ranks in the top decile of the healthcare sector matrix. IDXX currently sits in overbought territory, so wait for the 10-week trading band to normalize before considering. Initial support is at $528, with additional support at $512. |
| ON On Semiconductor Corp. ($47.73) - Semiconductors - ON moved lower after the company's earnings release Monday, moving to a sell signal at $54 before dropping over 16% intraday to $48. This caused the stock to show near-term weakness on its market RS chart, demoting to a 2 for 5 TA rating. The overall technical picture is negative and weakening. Further support may be seen at $44, the current location of the bullish support line. Overhead resistance may be seen at $60. |
| SPOT Spotify Technology S.A. ($661.18) - Media - SPOT returned to a buy signal after a bit of a rough patch around the most recent earnings. The stock maintains a strong 4/5 attribute point rating at the time of this writing and the move puts in some localized support between $616 & $624. Fine to add exposure here. |
| TJX The TJX Companies, Inc. ($128.63) - Retailing - TJX broke a double top at $128 to return to a buy signal. TJX has maintained at least a 3 technical attribute rating or higher for three years and currently possesses a 4 attribute rating. Okay to consider here on the breakout. Note resistance the stock's all-time chart high lies at $134. Initial support lies at $120, while additional levels can be found in the $110 range. |
| W Wayfair Inc. ($72.93) - Retailing - W reversed into Xs and broke a double top at $69 for an eighth consecutive buy signal as share rallied to $73, marking a new 52-week high. The stock is a 5 for 5'er that ranks 1st (out of 90) within the Retailing sector matrix. This action brings the stock into extremely overbought territory, so near-term holders may seek to lock in profits here on the rally. Those seeking to initiate exposure are best to look for consolidation within the lower $70 range and normalization of the 10-week trading band before considering. Initial support now lies at $63. |
| WFC Wells Fargo & Company ($77.49) - Banks - WFC shares moved lower today to break a double bottom at $77 to mark its first sell signal. This 5 for 5'er has been in a positive trend since May and on an RS buy signal versus the market since November. WFC shares are trading near the middle of their ten-week trading band with a weekly overbought/oversold reading of -8%. From here, support is offered at $72. |
| Z Zillow Group Inc. Class C ($83.36) - Real Estate - Shares of Z broke a double top at 83 for its 3rd consecutive buy signal. The 4 for 5’er has rallied strongly off its lows but it is nearing the top of its 10-week trading band, so those looking to add might want to wait for consolidation or a pullback. Support lies at $78 and $76 with the bullish support line at $71. |
