Comments include: AAP, AMZN, CEG, KR, MA, VST, & Z.
| AAP Advance Auto Parts, Inc. ($46.17) - Autos and Parts - AAP reversed into Os and broke a triple bottom at $52 to return to a sell signal as shares fell to $46. The move violates the bullish support line, which will drop the stock down to a 2 for 5'er. From here, support lies at $45. |
| AMZN Amazon.com Inc. ($246.65) - Retailing - AMZN broke a triple top at $240 for a fifth buy signal as shares rallied to new highs at $248. The stock is a 3 for 5'er that ranks within the top half of the Retailing sector matrix. Okay to consider on a pullback to $236 on the chart. Initial support lies at $212, while additional can be found at $198 and $186, the bullish support line. |
| CEG Constellation Energy Corporation ($377.25) - Utilities/Electricity - CEG reversed into Os and broke a double bottom at $380 for a second sell signal as shares fell to $376. CEG remains a 4 for 5'er and continues to rank within the top quintile of the Electric Utilities sector matrix. From here, support lies at $344, while additional can be found in the $312 to $324 range. |
| KR The Kroger Co. ($63.43) - Retailing - Shares of KR broke a spread quintuple bottom at $64 for its second consecutive sell signal. Kroger moved to a negative trend in August and lost near-term strength versus the market in September, bringing it down to sell territory as a 2 for 5’er. Those with exposure could look to cut the name loose here. |
| MA Mastercard Incorporated Class A ($551.77) - Finance - MA shares moved lower today to break a double bottom at $544 to mark its second consecutive sell signal. This 5 for 5'er has been in a positive trend since December 2023 and on an RS buy signal against the market since August 2011. MA shares are trading below the middle of their ten-week trading band with a weekly overbought/oversold reading of -47%. From here, support is offered at $528. |
| VST Vistra Corp ($187.56) - Utilities/Electricity - VST broke a double bottom at $184 for a second sell signal. The stock remains a 4 for 5'er, but now ranks within the bottom quintile of the Electric Utilities sector matrix. From here, support lies at $180, the bullish support line, and a level that's remained intact since September. |
| Z Zillow Group Inc. Class C ($74.38) - Real Estate - Shares of Z broke a double bottom at $71 to move back to a sell signal. Zillow moved to a negative trend in September and lost near-term strength this month, placing it in unacceptable territory as 2 for 5’er. Those with positions could look to sell the name here. From here, support lies at $69, $68, $65. |
