Comments include: AAPL, ALB, BOOT, CART, CHD, HMY, HUM, LEN, MP, & WFC.
| AAPL Apple Inc. ($245.61) - Computers - AAPL pushed higher Friday to break a double top at $244, notching a fourth consecutive buy signal. This 3 for 5'er moved back to a positive trend in July and has maintained an RS buy signal against the market since 2004. The weight of the technical evidence is favorable and improving. However, AAPL is now nearing overbought territory. Those looking to add exposure may consider easing in at the current position or waiting for normalization in the trading band. Initial support can be seen at $228. Further overhead resistance may be seen at the current level, $248, and the all-time highs at $260. |
| ALB Albemarle Corp ($82.29) - Chemicals - ALB returned to a buy signal and a positive trend Friday when it broke a double top at $83. The positive trend change will promote the stock to an acceptable 3 for 5'er. From here, the next level of overhead resistance sits at $84, meanwhile, support can be found at $79. |
| BOOT Boot Barn Holdings Inc ($173.94) - Retailing - BOOT broke a double bottom at $174 for a second sell signal since marking a new all-time chart high at $190 earlier this month. The stock maintains a 4 technical attribute rating and ranks just inside to the top third of the Retailing sector matrix. From here, support lies at $162, while additional resides at $150. |
| CART Maplebear Inc. ($42.06) - Retailing - Shares of Maplebear (CART) broke a spread quintuple bottom at $42 to move back to a sell signal. CART has lost strength in recent weeks, flipping to a negative trend and losing near-term market relative strength, dropping the stock to a weak 2 for 5’er. Those with exposure could look to sell the stock at current levels. From here, support starts at $39, with additional levels at $36 and $34. |
| CHD Church & Dwight Company ($90.85) - Household Goods - Shares of CHD broke a double bottom at $91 to move back to a sell signal. CHD has deteriorated in recent months, losing near-term relative strength to fall to a 1 for 5’er. Those still holding on could look to cut it loose here. However, support does lie closely at $91. |
| HMY Harmony Gold Mining Company (South Africa) ADR ($16.70) - Precious Metals - HMY was up more than 11% Friday, returning to a buy signal and a positive trend when it broke a double top at $16. The positive trend change will promote HMY to an acceptable 3 for 5'er. The stock now sits against resistance at $16.50. Meanwhile, support can be found at $14. |
| HUM Humana Inc. ($251.11) - Healthcare - HUM reversed lower to break a double bottom at $252. The 4 for 5'er gained 3 of its points last month after surging above $312. HUM is still rated a buy, but continue to monitor for further technical deterioration. Initial support is at $248, with additional support at $208. |
| LEN Lennar Corporation ($127.03) - Building - LEN broke a double bottom at $130 to return to a sell signal as shares fell to $126. The stock improved to a 3 for 5'er in August, but continues to rank within the bottom third of the Building sector matrix. From here, the bullish support line resides at $122. |
| MP MP Materials Corp. ($74.50) - Metals Non Ferrous - After giving two consecutive sell signals MP returned to a buy signal Friday when it broke a double top at $75. Friday's move adds to a marginally positive technical picture as MP is an acceptable 3 for 5'er. MP now sits against resistance at $75. Meanwhile, support can be found at $62. |
| WFC Wells Fargo & Company ($84.44) - Banks - WFC shares moved higher today to break a double top at $84 to mark its first buy signal. This 5 for 5'er has been in a positive trend since May and on an RS buy signal since November 2024. WFC shares are trading in actionable territory with a weekly overbought/oversold reading of 31%. From here, support is offered at $79. |
