Comments include: ANF, CNP, ETR, ETSY, HOOD, RBLX, TECK, WSM, AND YUM.
| ANF Abercrombie & Fitch Co. ($84.90) - Retailing - ANF broke a double bottom at $84 for a second sell signal and to violate support dating back to July. The stock has fallen to a 1 for 5'er after shifting into a negative trend and seeing both the market and peer RS charts reverse into Os earlier this month. From here, support lies in the $73 to $74 range. |
| CNP Centerpoint Energy, Inc. ($39.04) - Gas Utilities - CNP broke a double top for a second buy signal and to mark a new multi-year high. The stock has been a 5 for 5'er since April of this year and ranks within the top half of the Gas Utilities sector matrix. The stock is accompanied by a yield of 2.3%, and weekly momentum has flipped back positive. Okay to consider here on the breakout. Initial support lies at $36, while prior resistance in the $32 to $33 range may be seen as additional support. |
| ETR Entergy Corporation ($93.61) - Utilities/Electricity - ETR broke a double top at $93 for a fourth buy signal since April and to mark a new all-time chart high. The stock is a 5 for 5'er that ranks in the top quintile of the Electric Utilities sector matrix and is accompanied by a yield of 2.7%. Okay to consider here on the breakout or on a pullback to $90. Initial support lies at $87, while additional can be found in the $80 to $81 range. |
| ETSY Etsy Inc ($73.71) - Retailing - ETSY broke a double top at $66 for a third buy signal this month as shares rallied to $73, marking a 52-week high. The move flips the trend back to positive and appears it will shift the peer RS chart back into a column of Xs, increasing the stock to a 4 for 5'er. Okay to consider on a pullback to the $65 to $70 range. Initial support lies at $62, while additional may be found at $57, the bullish support line. |
| HOOD Robinhood Markets, Inc. Class A ($135.74) - Wall Street - HOOD shares moved higher today to break a double top at $132 to mark its third consecutive buy signal. This 5 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since February 2024. HOOD shares are trading in heavily overbought territory with a weekly overbought/oversold reading of 73%. From here, support is offered at $122. |
| RBLX Roblox Corp. Class A ($141.61) - Leisure - RBLX broke a triple top at $140 for a fourth buy signal since late August. The stock is a 4 for 5'er that ranks within the top quintile of the Leisure sector matrix. Okay to consider here on the breakout. Note the stock's all-time chart high resides at $150. Initial support lies at $130, while additional may be found at $126 and $120. |
| TECK Teck Resources Limited ($44.10) - Oil Service - TECK returned to a buy signal and a positive trend Monday when it broke a triple top at $43. The positive trend change will promote the stock to an acceptable 2 for 5'er. TECK now sits against resistance at $44, a level from which it reversed down in January and February of this year. Monday's move has also pushed the stock into heavily overbought territory with a weekly overbought/oversold (OBOS) reading north of 90%. From here, the first level of support sits at $39. |
| WSM Williams-Sonoma, Inc. ($191.88) - Retailing - WSM reversed into Os and broke a double bottom at $192 for a third sell signal since reaching a near-term peak at $208 in August. The stock remains a 5 for 5'er and has fallen just below the 50-day moving average. Support now lies in the mid $180s, while additional may be found at $182. |
| YUM Yum! Brands, Inc. ($153.87) - Restaurants - YUM broke a triple top at $154 for a second buy signal since July. The stock is a 3 for 5'er that ranks within the top third of the Restaurants sector matrix and is accompanied by a yield of 1.9%. Okay to consider here on the breakout. Note resistance lies near highs in the lower $160s. Initial support lies at $144, the bullish support line, while additional lies in the $138 to $140 range. |
