Comments include: EAT, JPM, PM, RUN, TOST, & TXRH.
| EAT Brinker International Inc ($159.45) - Restaurants - EAT broke a double top at $164 for a second buy signal as shares rallied to $170, clearing resistance in the upeer $160s. The stock is a 4 for 5'er that ranks within the top half of the Restaurants sector matrix. Okay to consider here on the breakout or on a pullback to $160. Note resistance lies at $186, the July rally high. Inital support lies in the $150 to $152 range, while additional can be found in the lower $140s. |
| JPM J.P. Morgan Chase & Co. ($303.82) - Banks - JPM shares moved higher today to break a double top at $304 to mark its third consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since November 2023 and on an RS buy signal versus the market since March 2024. JPM shares are trading in actionable territory with a weekly overbought/oversold reading of 27%. From here, support is offered at $288 and $284. |
| PM Philip Morris International Inc. ($160.71) - Food Beverages/Soap - Shares of PM completed a bearish triangle during Thursday’s trading for its second consecutive sell signal. The 4 for 5’er has slowed down over the last two months, losing near-term relative strength versus the broader market. However, the stock continues to hold long-term relative strength while trading in a positive trend. Those with exposure should continue holding but should monitor PM for signs of further deterioration. From here, support lies at $156 with additional support at $146. |
| RUN Sunrun Inc ($16.68) - Utilities/Electricity - RUN broke a triple top at $17 for a third buy signal since August and to mark the highest chart level since October last year. The stock is a 5 for 5'er that ranks 1st (out of 48) within the Electric Utilities sector matrix. Okay to consider on a pullback to the $15 to $16 range. Resistance lies in the lower $20s. Initial support lies in the $14.50 to $15 range. |
| TOST Toast, Inc. Class A ($41.52) - Restaurants - TOST broke a double bottom at $41 for a second sell signal and to violate the bullish support line. This will drop the stock down to a 4 for 5'er that still ranks within the top quintile of the Restaurants sector matrix. Beyond support at current levels, support on the default chart lies at $29. Support on the more sensitive 0.50 point per box chart can be found in the mid to lower $30s. |
| TXRH Texas Roadhouse, Inc. ($168.59) - Restaurants - TXRH broke a double bottom at $170 for a third consecutive sell signal as shares fell to $164. This action follows a violation of the bullish support line and a market RS chart reversal into Os back in August, which dropped the stock to a 3 for 5'er. From here, support lies at $158, while additional can be found at $150. |
