Comments include: BG, CTAS, DASH, LLY, NKE, ORLY, TDW, & TSCO.
| BG Bunge Limited ($94.02) - Food Beverages/Soap - Shares of BG broke a double bottom at $93, ending its streak of three consecutive buy signals. Despite the downtick, the 3 for 5'er has improved recently, regaining near-term relative strength and moving back to a positive trend in October. However, its lack of long-term relative strength keeps it just in hold territory for the time being. From here, support lies closely at $93 with the bullish support line at $84. |
| CTAS Cintas Corporation ($181.52) - Textiles/Apparel - CTAS broke a double bottom at $182 for a third sell signal since hitting the June peak and marking a new 2025 chart low. The stock maintains a 3 TA rating but now ranks within the bottom quintile of the Textiles/Apparel sector matrix. Support lies at current levels, while additional may be found at $172, the bullish support line. |
| DASH DoorDash, Inc. Class A ($242.90) - Restaurants - DASH broke a double bottom at $244 for a second sell signal. The stock maintains a 5 TA ratings and continues to rank within the top quintile of the Restaurants sector matrix. Support now lies at $236, while prior resistance in the lower $210s may be seen as additional support. |
| LLY Eli Lilly and Company ($894.68) - Drugs - LLY inched higher to complete a double top break at $880, marking its fourth consecutive buy signal. The 3 for 5'er shifted up from a 2 last month, after reversing back into Xs against the market. LLY is currently in "technically acceptable" territory, but continue to wait until the stock improves further. The weekly OBOS indicates that the stock is in overbought territory, so wait for the 10-week trading band to normalize. Initial support is at $784, with additional support at $720. |
| NKE NIKE, Inc. ($63.00) - Textiles/Apparel - NKE broke a double bottom at $64 for a third sell signal since hitting a near-term peak in August. This action follows the stock reversing into a column of Os on its Peer RS chart and a shift into a negative trend on the trend chart, dropping the stock to a 1 for 5'er that ranks within the bottom quartile of the Textiles/Apparel sector matrix. Support now lies at $60, while additional can be found in the mid to lower $50s. |
| ORLY O'Reilly Automotive, Inc. ($91.28) - Autos and Parts - ORLY broke a double bottom at $94 for a second sell signal as shares fell to $91, marking their lowest level since July. ORLY still maintains a 4 TA rating, but now resides within one box of the reversing into Os on the market RS chart and ranks within the bottom half of the Autos and Parts sector matrix. Support for the stock now lies in the $86 to $87 range, while additional can be found in the upper $70s. |
| TDW Tidewater Inc ($52.17) - Oil Service - TDW gave an initial buy signal Monday when it broke a triple top at $52. The outlook for the stock remains negative, however, as TDW is a 2 for 5'er and ranks in the bottom half of the oil service sector matrix. From here, the nest level of overhead resistance is TDW's bearish resistance line at $54. Meanwhile, support can be found at $47. |
| TSCO Tractor Supply Company ($52.25) - Retailing - TSCO broke a double bottom at $53 for a second sell signal as shares fell to $52. The move violates the bullish support line, which will drop the stock down to a 2 for 5'er that ranks within the bottom third of the Retailing sector. Support now lies at $47, the stock's April 2025 lows. |
