Comments include: AMD, B, BABA, CRWD, GS, IFF, KSS, MS, & RL.
| AMD Advanced Micro Devices, Inc. ($255.25) - Semiconductors - AMD pushed higher Wednesday to break a double top at $252 before reaching $260 intraday. This 5 for 5’er moved to a positive trend in May and gave an RS buy signal against the market in October. The stock also sits in the top decile of the semiconductors sector RS matrix. The weight of the technical evidence is positive and improving. However, AMD is trading in overbought territory, so those looking to add exposure may look to ease into positions or wait for normalization in the trading band. Initial support can be seen at $236 with further resistance potentially seen at $264. |
| B Barrick Mining Corporation ($37.23) - Precious Metals - B completed a shakeout pattern Wednesday with a triple top break at $37. Wednesday's move adds to a modestly positive technical outlook as B is a 3 for 5'er that ranks near the middle of the precious metals sector matrix. From here, the first level of support sits at $31. |
| BABA Alibaba Group Holding Ltd (China) ADR ($156.90) - Retailing - BABA broke a double bottom at $160 to complete a bearish catapult. The stock maintains a 5 TA rating and ranks within the top quintile of the Retailing sector matrix, but the market RS chart now resides within one box of reversing into a column of Os. Support lies at current chart levels, but beyond that, support resides in the upper to mid $140 range. |
| CRWD CrowdStrike Holdings, Inc. Class A ($548.31) - Software - CRWD advanced Wednesday to break a double top at $560, notching a fourth consecutive buy signal and new all-time high. This 5 for 5’er has maintained an RS buy signal against the market since 2023 and sits in the top quintile of the software sector RS matrix. The weight of the technical evidence is favorable and continues to improve. Initial support is seen on the default chart at $520. Note that earnings are expected on 12/2. |
| GS Goldman Sachs Group, Inc. ($834.65) - Wall Street - GS shares moved higher today to break a double top at $816 and continued higher to $832 to mark a new all-time high. This 5 for 5'er has been in a positive trend since May and on an RS buy signal versus the market since May 2024. GS shares are actionable at current levels with a weekly overbought/oversold reading of 28%. From here, support is offered at $768. |
| IFF International Flavors & Fragrances Inc. ($65.85) - Chemicals - IFF gave an initial buy signal Wednesday when it broke a double top at $66, where it now sits against resistance. The outlook for the stock remains negative, however, as IFF is a 1 for 5'er that ranks in the bottom third of the chemicals sector matrix. From here, the first level of support sits at $62. |
| KSS Kohl's Corporation ($18.13) - Retailing - KSS broke a double top t $18.50 to complete a bullish catapult. The stock has improved to a 5 for 5'er after seeing its trend chart shift back to positive earlier this month. KSS also ranks within the top quintile of the Retailing sector matrix and maintains a yield of roughly 2.8%. Okay to consider here on the breakout. Note resistanace lies at $21. Initial support can be found in the $15.50 to $16.50 range. |
| MS Morgan Stanley ($169.56) - Wall Street - MS shares moved higher today to break a triple top at $168 to mark its sixth consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since May and on an RS buy signal versus the market since June 2013. MS shares are trading in actionable territory with a weekly overbought/oversold reading of 38%. From here, support is offered at $160 and $158. |
| RL Ralph Lauren ($342.36) - Textiles/Apparel - RL broke a double top at $340 to return to a buy signal and match the all-time chart high. The stock is a 5 for 5'er that ranks within the top quintile of the Textiles/Apparel sector matrix. Okay to consider here on the breakout Initial support can be found at $316, while additional resides at $308 and $300. |
