Comments include: CF, COP, MA, NNE, & WMB.
| CF CF Industries Holdings, Inc. ($91.44) - Chemicals - CF returned to a buy signal Wednesday when it completed a bullish triangle at $88 and continued higher, returning to a positive trend. The positive trend change will promote CF to an acceptable 3 for 5'er. From here, the next level of overhead resistance sits at $94; meanwhile, support can be found at $84, where CF's bullish support line also sits. |
| COP ConocoPhillips ($95.60) - Oil - COP returned to a buy signal and a positive trend Wednesday when it broke a triple top at $96. The positive trend change will promote the stock to a still unfavorable 2 for 5'er. From here, the next level of overhead resistance sits at $99. Meanwhile, support can be found at $92. |
| MA Mastercard Incorporated Class A ($566.64) - Finance - MA shares moved lower today to break a double bottom at $568 to mark its first sell signal. A reversal back into Xs from here would constitute a shakeout pattern. This 5 for 5'er has been in a positive trend since December 2023 and on an RS buy signal versus the market since August 2011. MA shares are actionable at current levels with a weekly overbought/oversold reading of -15%. From here, support is offered at $528. |
| NNE Nano Nuclear Energy Inc. ($43.55) - Utilities/Electricity - NNE reversed into Xs and broke a double top at $47 to complete a bullish catapult. The stock improved to 5 for 5'er during last week's trading, and is actionable in the mid to lower $40s. Initial support lies at $42, while additional may be found at $33, the bullish support line. |
| WMB Williams Companies Inc. ($62.90) - Gas Utilities - WMB broke a double top at $62 to return to a buy signal as shares rallied to $63, matching the all-time chart high. The stock is a 5 for 5'er that ranks in the top half of the Gas Utilities sector matrix and maintains a yield north of 3%. Okay to consider here on the breakout or on a pullback to $60 on the chart. Initial support lies at $56, while additional can be found in the $52 to $53 range. |
