Comments include: DHI, NVDA, RCL, & UHS.
| DHI D.R. Horton, Inc. ($153.80) - Building - DHI broke a triple bottom at $148 to return to a sell signal and violate the bullish support line. The stock will drop to a 3 for 5'er with the trendline violation and the stock resides on the threshold of falling into the bottom half of the Building sector matrix. From here, support lies at $142, while additional can be found at $130. |
| NVDA NVIDIA Corporation ($202.67) - Semiconductors - NVDA gained over 5% intraday Tuesday to reach a new all-time high at $200. This 4 for 5'er continues to demonstrate favorable long-term technical characteristics, as it has maintained an RS buy signal against the market since 2023 and has been in a positive trend since May. While the recent improvement is favorable, the stock is nearing extended territory again. Current holders should not be concerned. Those looking to add exposure may be best served easing in or waiting for potential normalization of the trading band. Initial support can be seen at $178. Note that earnings are expected on 11/19. |
| RCL Royal Caribbean Cruises Ltd. ($292.42) - Leisure - RCL broke a double bottom at $296 to return to a sell signal and violate support at $300 dating back to August. The notable downside move on 10/28 will bring both the peer and market RS charts back into Os, dropping the stock down to a 3 for 5'er trading in a positive trend. From here support lies in the $250 range, while additional can be found at $236. |
| UHS Universal Health Services, Inc. ($218.47) - Healthcare - UHS inched higher to complete a double top break at $216, marking its fourth consecutive buy signal. The 4 for 5'er shifted up from a 3 last month after reversing back into Xs against the market. Additionally, the stock ranks in the top third of the healthcare sector matrix. The weekly OBOS indicates that the stock is in overbought territory, so wait for the 10-week trading band to normalize before considering. Initial support is at $196, with additional support at $186. |
