CLB, EXPE, LVS, NOA, PBF, R, THC, VLO
| CLB Core Laboratories Inc ($16.69) - Oil Service - CLB was up 30% and returned to a buy signal and a positive trend Thursday when it broke a double top at $13.50 and continued higher to $16.50. The positive trend change will promote CLB to a still unfavorable 1 for 5'er; however, given the magnitude of Thursday's move the stock's relative strength characteristics could quickly improve and raise its technical attribute rating. |
| EXPE Expedia Group Inc. ($217.30) - Leisure - EXPE broke a double top at $228 for a fourth buy signal since August. The stock is a 5 for 5'er that ranks within the top quartile of the Leisure sector matrix. Okay to consider here on the breakout. Note the stock's all-time chart high lies at $240. Initial support lies at $212, while additional can be found at $194. |
| LVS Las Vegas Sands Corp. ($57.34) - Gaming - LVS broke a double top at $55 to complete a bearish signal reversal as shares rallied to $57. LVS is a 3 for 5'er that ranks within the top third of the Gaming sector matrix and is accompanied by a yield of 2%. Note resistance lies at $58, the August 2025 rally high. Initial support lies at $46, while the bullish support line resides at $37. |
| NOA North American Energy Partners, Inc. ($15.47) - Oil Service - NOA gave an initial buy signal Thursday when it broke a double top at $15.50, where it now sits against its bearish resistance line. A move to $16 would promote the stock to a still unfavorable 1 for 5'er; NOA also ranks in the bottom 10% of the oil service sector matrix. |
| PBF PBF Energy Inc. ($34.01) - Oil Service - PBF returned to a buy signal Thursday when it broke a double top at $34 where it now sits against resistance. Thursday's move adds to an already positive technical picture as PBF is a 4 for 5'er that ranks in the top quartile of the oil service sector matrix. From here, the first level of support sits at $28. |
| R Ryder System, Inc. ($158.53) - Transports/Non Air - R traded lower today, falling over 13% post poor earnings results. The decline was enough to see the stock post a second consecutive sell signal and move back into a negative trend. With that said, it will lose at least one attribute point and will will be worth watching to see if further relative weakness follows suit. Those with holdings who want to sell, wait for a bounce. Otherwise, those without holdings hold off on new exposure until markets figure out which direction they want to head. |
| THC Tenet Healthcare Corporation ($207.19) - Healthcare - THC inched higher to break a double top at $208. The 5 for 5'er ranks in the top quintile of the healthcare sector matrix. Long exposure can be made here. Initial support is at $188, with additional support at $182. Note that earnings are expected on 10/28. |
| VLO Valero Energy Corp ($173.02) - Oil Service - VLO returned to a buy signal Thursday when it broke a double top at $166. The move adds to a positive outlook for the stock - VLO is a 4 for 5'er and ranks in the top third of the favored oil service sector matrix. From here, the next level of overhead resistance is VLO's all-time high at $178; meanwhile, support can be found at $156. |
