CAT, CSGP, DRI, ECL, EQT, LSCC, MTRN, NRG, PKX, PLNT, ROL, RRR, RS, SEI, WDC, WHD
| CAT Caterpillar, Inc. ($585.49) - Machinery and Tools - CAT rocketed over 11% higher on strong earnings. The stock remains a strong 5/5'er but is now well in overbought territory. While strong assets can certainly always get more overbought, we will eye some form of normalization before we take action. Pullbacks to the $550's would be constructive and would signal a possible entry point. |
| CSGP CoStar Group Inc. ($69.25) - Real Estate - Shares of CSGP plummeted on Wednesday due to poor earnings, seeing the stock fall roughly 10%. The 0 for 5’er moved into a negative trend and lost near-term relative strength earlier this month. Additionally, the stock moved below the range it’s traded for the last year, with its next resistance coming at $58 from 2022. CSGP is below the bottom of its ten week trading band, so those with exposure should look to sell after normalization or reversal higher. |
| DRI Darden Restaurants, Inc. ($181.53) - Restaurants - DRI broke a double bottom at $180 for a third sell signal and to violate support dating back to March as shares fell to $178. DRI maintains a 3 technical attribute rating, but the stock has fallen into the bottom quartile of the Restaurants sector matrix. With the chart at fresh 2025 lows, support now lies in the mid $150 to $160 range. |
| ECL Ecolab Inc. ($258.80) - Chemicals - ECL fell to a sell signal Wednesday when it broke a double bottom at $260. The weight of the evidence remains modestly positive as ECL is a 3 for 5'er that ranks in the top half of the chemicals sector matrix. From here, the next level of support on ECL's chart sits at $256. |
| EQT EQT Corporation ($51.54) - Oil - EQT fell to a sell signal and a negative trend Wednesday when it broke a double bottom at $52. The negative trend change will drop EQT to an unfavorable 2 for 5'er. From here, the next level of support sits at $49. |
| LSCC Lattice Semiconductor Corp ($73.88) - Semiconductors - LSCC moved higher Wednesday to break a triple top at $74 before reaching $76 intraday. This 4 for 5'er moved to a positive trend in April and sits in the top half of the favored semiconductors sector RS matrix. The long-term technical picture is sound and the near-term picture is improving. LSCC is at resistance; a break out to $77 would provide further confirmation of the bullish technical picture. Initial support can be seen at $66. Note that earnings are expected on 11/3. |
| MTRN Materion Corp. ($119.29) - Chemicals - MTRN was down more than 10% on Wednesday following its earnings release and fell to a sell signal when it broke a double bottom at $118. The outlook for the stock remains positive, however, as MTRN is a 4 for 5'er that ranks second out of 44 names in the chemicals sector matrix. From here, the next level of support MTRN's chart sits at $108. |
| NRG NRG Energy, Inc. ($178.62) - Utilities/Electricity - NRG broke a quintuple top at $174 to return to a buy signal as shares rallied to $180, marking a new all-time chart high. The stock is a 5 for 5'er that ranks in the top quartile of the Electric Utilities sector matrix. Okay to consider on a pullback to the mid to lower $170s. Initial support lies in the $158 to $160 range, while additional can be found in the lower $140s. |
| PKX POSCO (Korea) ADR ($57.48) - Steel/Iron - PKX returned to a buy signal Wednesday when it broke a double top at $57 and continued higher to $58, where it now sits against its bearish resistance line. The outlook for the stock remains negative despite Wednesday's move as PKX Is a 0 for 5'er that ranks in the bottom third of the steel/iron sector matrix. A move to $59 would return PKX to a positive trend and promote it to a still unfavorable 1 for 5'er. |
| PLNT Planet Fitness Inc ($92.41) - Leisure - PLNT broke a triple bottom at $91 to return to a sell signal after rallying to test the bearish resistance line earlier this month. The stock has fallen to a 3 for 5'er after seeing a negative trend reversal earlier in October and now ranks in the bottom quartile of the Leisure sector matrix. Support lies at current levels, while additional can be found at $88, the 2025 chart lows. |
| ROL Rollins, Inc. ($53.88) - Business Products - Shares of ROL broke a triple bottom at $54, ending its streak of three consecutive sell signals. However, ROL remains a 5 for 5’er and has been in a positive trend dating back to 2003. Those with positions should continue to hold. From here, support lies at $52 and $50 with the bullish support line at $48. |
| RRR Red Rock Resorts Inc ($53.27) - Gaming - RRR broke a spread triple bottom at $55 for a second sell signal as shares fell to $53. The stock maintains a 4 technical attribute rating and ranks within the top quartile of the Gaming sector matrix. Support lies at current levels on the trend chart, while additional can be found at $49, the bullish support line. |
| RS Reliance Inc. ($280.86) - Steel/Iron - After giving three consecutive sell signals, RS returned to a buy signal Wednesday when it broke a double top at $284. The weight of the evidence remains negative, however, as RS us a 0 for 5'er that ranks 13th of 13 names in the steel/iron sector matrix. |
| SEI Solaris Energy Infrastructure Inc. ($53.42) - Oil Service - SEI was up more than 7.5% on Wednesday and returned to a buy signal with a double top break at $53, where it now sits against resistance. Wednesday's move adds to a positive technical outlook as SEI is a 5 for 5'er that ranks in the top decile of the oil service sector matrix. From here, the first level of support sits at $48. |
| WDC Western Digital Corporation ($141.38) - Computers - WDC advanced Wednesday to break a double top at $134 before climbing over 13% intraday to a new all-time high at $144. This 5 for 5'er moved to a positive trend in May and sits near the top of the computers sector RS matrix. The weight of the technical evidence is favorable here and improving ahead of earnings expected on 10/30. Initial support can be seen at $122. |
| WHD Cactus, Inc. Class A ($42.60) - Oil Service - WHD was up 8% on Wednesday following its earnings release and returned to a buy signal when it broke a double top at $43, where it now sits against resistance. The outlook for the stock remains decidedly negative, however, as WHD is a 0 for 5'er that ranks 69th of 70 names in the oil service sector matrix. |
