Comments include: A, CCEP, H, HMY, & LITE.
| A Agilent Technologies, Inc ($124.57) - Healthcare - Shares of A broke a double top at $124 to move back to a buy signal. Today’s move also saw the stock flip its trend back to positive, bringing it up to a 2 for 5’er. However, the weight of the evidence on the stock remains negative given its general lack of relative strength, so it’s one to keep avoiding for the time being. From here, initial resistance lies at $126 and $128. |
| CCEP Coca-Cola Europacific Partners PLC ($88.69) - Food Beverages/Soap - Shares of CCEP broke a double bottom at $88 for its second consecutive sell signal. Today’s move also saw the stock flip its trend back to negative, bringing it down to a 4 for 5’er. However, CCEP continues to hold market and peer relative strength, keeping it in buy territory for the time being. Those with exposure should monitor their position for signs of further deterioration. From here, support lies at $86 with additional levels at $81 then again in the lower $70s. |
| H Hyatt Hotels Corp. ($145.47) - Leisure - H broke a triple top at $146 for a second buy signal since moving back into a positive trend. The stock is a 4 for 5'er that maintains positive long-term market and peer RS. Okay to consider here on the breakout. Note resistance lies at $152. Support can be found in the mid to low $130s. |
| HMY Harmony Gold Mining Company (South Africa) ADR ($12.78) - Precious Metals - HMY fell to a sell signal and a negative trend Thursday when it broke a triple bottom at $13. The negative trend change will drop HMY to an unfavorable 2 for 5'er; the stock also ranks 22nd of 23 names in the precious metals sector matrix. HMY now sits against support at $13, while overhead resistance can be found at $16. |
| LITE Lumentum Holdings Inc ($136.91) - Telephone - LITE broke higher today, establishing a fourth consecutive buy signal and new all-time highs in the process. The stock remains quite a strong RS option... but is a tad overbought at/around current levels. Those a bit nervous should take today's jump as an opportunity to trim/take profits, but largely speaking long exposure is still warranted over cutting positions entirely. |
