Comments include: CAT, DELL, DUOL, FSLR, HWKN, REG, W, & WMT.
| CAT Caterpillar, Inc. ($449.11) - Machinery and Tools - CAT broke to new all-time highs today. The stock remains a strong 5/5'er and now sits on a string of 3 consecutive buy signals. It remains in actionable territory here so feel free to add to the name if you're looking for focused exposure within a strong industrials sector. Watch support nearby at $408, which also sits around some old resistance from late 2024-early 2025. |
| DELL Dell Technologies Inc Class C ($130.40) - Computers - DELL advanced Wednesday to break a double top at $130 before reaching $132 intraday. This 3 for 5'er moved to a positive trend in April and sits in the top half of the computers sector RS matrix. The weight of the technical evidence is mixed but improving. Initial support can be seen at $120 and $118. Overhead resistance may be seen at $134 with stronger resistance at $142. |
| DUOL Duolingo, Inc. Class A ($280.07) - Business Products - Shares of DUOL broke a double bottom at $268 to move back to a sell signal. The stock has deteriorated significantly over the last several months, losing all five attributes to fall to a 0 for 5’er. Given its recent weakness, those still with exposure could look to cut the name loose here. After support at $264, DUOL is without traditional support until $146. |
| FSLR First Solar, Inc. ($210.27) - Electronics - FSLR pushed higher Wednesday to break a double top at $212, notching a second consecutive buy signal. This 4 for 5'er moved to a positive trend in July and sits in the top third of the favored electronics sector RS matrix. The weight of the technical evidence is favorable and improving. Initial support can be seen at$198 with strong support at $188. The stock is at resistance from earlier this month, with further resistance at $220. |
| HWKN Hawkins Chemical Inc ($177.96) - Chemicals - HWKN returned to a buy signal Wednesday when it broke a triple top at $178. The move adds to an already strong technical picture as HWKN is a 5 for 5'er that ranks in the top decile of the chemicals sector matrix. From here, overhead resistance sits at $184, HWKN's all-time high. Meanwhile, support can be found at $170. |
| REG Regency Centers Corporation ($69.76) - Real Estate - Shares of REG broke a triple bottom at $70 for its second consecutive sell signal, reversing right below significant resistance at $74. Today’s move also saw the stock move into a negative trend, bringing it down to a 3 for 5’er. While those with exposure can continue to hold, investors should watch for further deterioration. From here, support lies at $69 and $64. |
| W Wayfair Inc. ($90.43) - Retailing - W reversed into Xs and broke a double top at $91 to return to a buy signal. The stock is a 5 for 5'er that ranks 1st (out of 90) within the Retailing sector matrix. Okay to consider in the upper $80s. Initial support lies at $85, while additional may be found at $71. |
| WMT Walmart Inc. ($104.96) - Retailing - WMT broke a double top at $106 to complete a bullish catapult and mark a new all-time high. The stock is a 4 for 5'er that maintains long-term relative strength versus the market and its peer group. Okay to consider here on the breakout or on a pullback to $100 on the chart. Initial support lies in the $94 to $95 range, while additional may be found in the $91 to $92 range. |
