Comments include: AFRM, FIVE, MP, RCL, & URBN.
| AFRM Affirm Holdings, Inc. Class A ($78.77) - Finance - AFRM shares moved higher today to break a double top at $79 to mark its first buy signal. This 4 for 5'er has been in a positive trend since June but on an RS sell signal versus the market since March. AFRM shares are trading above their ten-week moving average with a weekly overbought/oversold reading of 55%. From here, support is offered at $75. |
| FIVE Five Below Inc ($140.80) - Retailing - FIVE reversed into Xs and broke a triple top at $140 for an eighth consecutive buy signal since April. The stock is a 5 for 5'er that ranks 5th (out of 90) within the Retailing sector matrix. Okay to consider here on the breakout. Note the stock's recent rally high at $142. Initial support can be found in the $128 to $132 range, while additional can be found at $122. |
| MP MP Materials Corp. ($71.91) - Metals Non Ferrous - MP gave an initial sell signal Monday when it broke a double bottom at $72. The outlook for the stock remains positive, however, as MP is a 5 for 5'er that ranks first in the metals non ferrous sector matrix. From here, the next level of support on MP's chart sits at $60. |
| RCL Royal Caribbean Cruises Ltd. ($328.42) - Leisure - RCL broke a double top at $320 to return to a buy signal and complete a bearish signal reversal pattern as shares rallied to $328. The stock is a 5 for 5'er that ranks 3rd (out of 59) within the Leisure sector matrix. Okay to consider here on the breakout. Note the stock's all-time chart high lies at $352. Initial support can be found at $300, while additional may be found at prior resistance in the upper $270 range. |
| URBN Urban Outfitters, Inc. ($76.49) - Retailing - URBN broke a double bottom at $74 to return to a sell signal and initiate a shakeout pattern. The stock is a 5 for 5'er that ranks within the top quintile of the Retailing sector matrix. The action point for the shakeout pattern would be upon a reversal back into Xs at $77, while the pattern would be complete upon a triple top break at $81. Support lies at $73, while additional may be found in the upper $60s with the bullish support line residing at $68. |
