Comments include: AMR, BABA, EBAY, EQT. EXE, FIVE,& SYK.
| AMR Alpha Metallurgical Resources Inc. ($160.21) - Oil - After giving two consecutive sell signals, AMR returned to a buy signal Monday when it broke a double top at $160 and continued higher to $162, one box below its bearish resistance line. The outlook for the stock remains negative as AMR is a 2 for 5'er; a move to $166 would promote it to a 3 for 5'er. From here, the first level of support sits at $152. |
| BABA Alibaba Group Holding Ltd (China) ADR ($174.92) - Retailing - BABA broke a triple top at $170 to return to a buy signal as shares rallied to $174. The stock is a 5 for 5'er that ranks 3rd (out of 93) within the Retailing sector matrix. Okay to consider here on the breakout. Note the recent rally high lies at $192. Initial support can be found in the $158 to $162 range. |
| EBAY eBay Inc. ($95.26) - Retailing - EBAY broke a quadruple top at $95 to return to a buy signal. The stock is a 5 for 5'er that ranks within the top third of the Retailing sector matrix and is accompanied by a yield north of 1%. Okay to consider here on the breakout or on a pullback to the lower $90s. Initial support lies at $87, while additional lies in the upper $70s. Note earnings are expected on 10/29. |
| EQT EQT Corporation ($56.36) - Oil - EQT gave a second consecutive buy signal and returned to a positive trend on Monday when it completed a bullish triangle at $57, where it now sits against resistance. The positive trend change will promote EQT to an acceptable 3 for 5'er. From here, the first level of support sits at $53. |
| EXE Expand Energy Corp ($106.98) - Oil - EXE returned to a buy signal and a positive trend on Monday when it broke a double top at $106. The positive trend flip will promote the stock to an acceptable 3 for 5'er. From here, EXE faces further overhead resistance at $110, meanwhile support can be found at $98. |
| FIVE Five Below Inc ($157.00) - Retailing - FIVE broke a double top at $156 to return to a buy signal as shares rallied to $158, a new 52-week high. The stock is a 5 for 5'er that ranks within the top quintile of the Retailing sector matrix. Okay to consider here on the breakout or on a pullback to $150. Initial support lies at $138, while additional can be found in the $128 to $132 range. |
| SYK Stryker Corporation ($381.96) - Healthcare - SYK reversed back into Xs to break a double top at at $380. The 4 for 5'er is now brushing up against its bearish resistance line and could possibly reverse back into a positive trend in the near term. Long exposure can be made here or set an alert for when the stock reverses back into a positive trend, shifting its technical attribute score from a 4 to a 5. Initial support is at $364, with additional strong support at $356. Note that earnings are expected on 10/31. |
