Comments include: AMR, CIVI, COP, DD, DLB, FANG, GS, HAS, HWM, MMM, MP, NCLH, SO, SPG, & TRGP.
| AMR Alpha Metallurgical Resources Inc. ($160.02) - Oil - AMR was down more than 4% on Friday and took out multiple levels of support on its chart, falling to $160, where it now sits against support from August. AMR maintains an acceptable 3 for 5 technical attribute rating. However, beyond the current support at $160, AMR shows no additional support until $138 except is bullish support line, which currently sits at $150. |
| CIVI Civitas Resources Inc. ($29.48) - Oil - After giving five consecutive buy signals CIVI fell to a sell signal Friday when it broke a triple bottom at $30. The move adds to an already weak technical outlook as CIVI is an unfavorable 2 for 5'er. From here, the next level of support sits at $28. |
| COP ConocoPhillips ($87.64) - Oil - COP fell to a sell signal and a negative trend on Friday when it broke a triple bottom at $91 and continued lower taking out two additional levels of support on its chart. The negative trend change will drop COP to a 1 for 5'er. From here, the next level of support sits at $85. |
| DD DuPont de Nemours Inc. ($73.70) - Chemicals - DD fell to a sell signal an a negative trend Friday when it broke a triple bottom at $74. The negative trend change will drop DD to an unfavorable 2 for 5'er. From here, the next level of support sits at $70. |
| DLB Dolby Laboratories, Inc. ($68.45) - Media - DLB stock fell today alongside the rest of the market. It remains a poor attribute stock and now trades at 2025 lows. Those looking for laggard rallies should look elsewhere, as the 1/5'er now trades on consecutive sell signals and has ground lower throughout the year. |
| FANG Diamondback Energy Inc ($139.82) - Oil - FANG fell to a sell signal and a negative trend on Friday with a double bottom break at $140. The negative trend change will drop the stock to a 1 for 5'er. From here, the next level of support sits at $136, a level from which FANG rallied three times from July through September. |
| GS Goldman Sachs Group, Inc. ($769.98) - Wall Street - GS shares moved lower today to break a double bottom at $768 to mark its first sell signal. This 5 for 5'er has been in a positive trend since May and on an RS buy signal versus the market since May 2024. GS shares are trading in normalized territory with a weekly overbought/oversold reading of 27%. From here, support is offered at $728. |
| HAS Hasbro, Inc. ($71.24) - Leisure - HAS broke a double bottom at $72 for a second sell signal since rallying to the August peak at $82. The stock remains a 4 for 5'er, but the market RS chart now resides within one box of reversing into Os. Support now lies at $65, while the bullish support line resides at $59. |
| HWM Howmet Aerospace Inc. ($186.81) - Aerospace Airline - HWM moved lower today, but the stock remains quite strong despite the return to a sell signal on its default chart. The stock is a 5/5'er, now trading just a few boxes away from a range of support in the low $180's. Those looking for focused exposure to strong stocks within the aerospace airline sector can pick up exposure here, or wait for a reversal back into X's at $192. |
| MMM 3M Company ($148.75) - Chemicals - MMM fell to a sell signal Friday when it broke a quadruple bottom at $150. The outlook for the stock remains marginally positive as it is an acceptable 3 for 5'er. From here, the next level of support can be found at at $146, where MMM's bullish support also currently sits. A move to $144 would drop the stock to an unfavorable 2 for 5'er. |
| MP MP Materials Corp. ($78.43) - Metals Non Ferrous - MP returned to a buy signal Friday when it broke a double top at $80 and continued higher, reaching a new all-time high when it broke a spread triple top at $83. Friday's move adds to an already positive technical picture as MP Is a 4 for 5'er that ranks in the top half of the favored metals non ferrous sector matrix. From here, the first level of support can be found at $70. |
| NCLH Norwegian Cruise Line Holdings Ltd. ($22.59) - Leisure - NCLH broke a double bottom at $23 to initiate a shakeout pattern. The stock is a 5 for 5'er that ranks within the top third of the Leisure sector matrix. The action point for the shakeout pattern would currently be a reversal back into Xs at $26, while the pattern would be complete upon the triple top break. Support lies at $19, the bullish support line, while additional can be found in the $17 range. |
| SO The Southern Company ($98.14) - Utilities/Electricity - SO broke a triple top at $97 to complete a shakeout pattern as shares rallied to a new all-time chart high at $98. The stock is a 4 for 5'er that ranks within the top third of the Electric Utilities sector matrix and is accompanied by a yield north of 3%. Initial support lies at $91, while additional can be found at $88 and $84. |
| SPG Simon Property Group, Inc. ($175.64) - Real Estate - Shares of SPG broke a double bottom at $176, ending its streak of seven consecutive sell signals. However, the 5 for 5'er continues to hold relative strength over the market and its peers. Additionally, it still trades in a positive trend, with its bullish support line close below at $170. The weight of the evidence of SPG continues to be positive and remains a real estate name to own for the time being. After the bullish support line, support starts at $164 and continues until $140. |
| TRGP Targa Resources Corp. ($152.41) - Oil Service - TRGP fell to a sell signal and violated its trend line on Friday when it broke a triple bottom at $160 and continued lower to $154, taking out two additional levels of support on its chart. The negative trend change will drop TRGP to a 2 for 5'er. From here, the next level of support sits at $150, TRGP's 2025 low. |
