Comments include: AMR, DHI, INTC, OLLI, & SEDG.
| AMR Alpha Metallurgical Resources Inc. ($144.89) - Oil - AMR was down more than 9% on Friday and fell to a sell signal when it broke a double bottom at $146. The outlook for the stock remains marginally positive as it is a 3 for 5'er and ranks near the top of the oil sector matrix. From here, AMR shows no further support on its chart until $114. |
| DHI D.R. Horton, Inc. ($165.97) - Building - DHI broke a double top at $168 for a sixth consecutive buy signal. The stock is a 4 for 5'er that ranks within the top half of the Building sector matrix. This action places DHI in overbought territory, so short-term holders may look to lock in profits. Those considering long-term exposure are best to look for consolidation within the $160 range and normalization of the 10-week trading band. Initial support lies at $160, while additional can be found at prior resistance in the mid $150s. |
| INTC Intel Corporation ($25.35) - Semiconductors - INTC gained over 6% intraday Friday to break a double top at $25. This also led the stock back into a positive trend, and caused it to reverse back up into a column of Xs against the market, promoting INTC to a suitable 3 for 5 TA rating. The technical picture is still mixed but showing positive near-term momentum. Note that the stock is nearing overbought territory and could see overhead resistance close by at $27. Initial support can be seen from $19 to $18. |
| OLLI Ollies Bargain Outlet Holding Inc. ($133.16) - Retailing - OLLI broke a double bottom at $130 to initate a shakeout pattern. The stock is a 5 for 5'er that ranks within the top third of the Retailing sector matrix. The action point for the shakeout pattern is upon a reversal into Xs at $136, while the pattern can be complete upon a triple top break at $142. Support lies at $130, while additional can be found at $124, the bullish support line. |
| SEDG Solaredge Technologies ($31.87) - Electronics - SEDG advanced Friday to break a double top at $29 before reaching $32 intraday, climbing over 24%. This 3 for 5'er has maintained a positive trend since January and sits in the top half of the favored electronics sector RS matrix. The weight of the technical evidence is mixed but continues to show improvement. Note that the stock is at resistance from last month. Initial support can be seen at $24. |
