Comments include: AON, ASH, CW, GILD, HOOD, RBLX, SHOP, TSLA, & VST.
| AON Aon Corporation ($351.98) - Insurance - AON shares moved higher today to break a double top at $352 to mark its first buy signal. This 1 for 5'er has been in a negative trend since October but on an RS buy signal versus the market since March 2023. AON shares are trading near the middle of their ten-week trading band with a weekly overbought/oversold reading of -13%. From here, support is offered at $332 and $328. |
| ASH Ashland Inc. ($53.10) - Chemicals - ASH returned to a buy signal Thursday when it broke a double top at $52. The outlook for the stock remains decidedly negative, however, as ASH is a 0 for 5'er that ranks in the bottom half of the chemicals sector matrix. From here, the next level of overhead resistance sits at $57, meanwhile, support can be found at $48. |
| CW Curtiss Wright Corporation ($545.66) - Aerospace Airline - CW dropped today, posting its first sell signal since April. Despite this, the stock remains a high attribute name, having now pulled back to a range of old resistance and the middle of the trading band. Those looking to take an aggressive stance with their individual stock exposure can take this as an entry point... while those looking to be more defensive should wait for reversals back up into X's around $568. |
| GILD Gilead Sciences, Inc. ($125.20) - Biomedics/Genetics - GILD inched higher to break a triple top at $126, marking its second consecutive buy signal and a new all-time high. The 4 for 5'er has seen much improvement in recent months and is up over 30% year-to-date. Additionally, the stock offers of yield of 2.58%. Long exposure can be made here. Initial strong support can be seen between $116-$118, with additional support at $110. |
| HOOD Robinhood Markets, Inc. Class A ($120.66) - Wall Street - HOOD shares moved lower today to break a spread quadruple bottom at $120 to mark its second consecutive sell signal. This 5 for 5'er has been in a positive trend since April and on an RS buy signal versus the market since February 2024. HOOD shares are trading near the middle of their ten-week trading band with a weekly overbought/oversold reading of -25%. From here, support is offered at $114. |
| RBLX Roblox Corp. Class A ($99.56) - Leisure - RBLX broke a double bottom at $100 for a fourth sell signal since the beginning of October and to mark the lowest chart level since July. The stock has fallen to a 3 TA rating following a reversal into Os on the market RS chart earlier in November. Support lies at current chart levels, while additional can be found at $92 and $94. |
| SHOP Shopify Inc ($145.15) - Retailing - SHOP reversed into Os and broke a double bottom at $146 for a second sell signal since peaking at $182 in the latter part of October. The stock maintains a 5 TA rating and continues to rank within the top quintile of the Retailing sector matrix. Support lies at current chart levels, while additional can be found at $140 and $134. |
| TSLA Tesla Inc. ($398.00) - Autos and Parts - TSLA reversed into Os and broke a double bottom at $416 for a second sell signal and to violate support dating back to October as shares fell below $400. The stock maintains a 5 TA rating and ranks within the top decile of the Autos and Parts sector matrix. From here, support lies at $376, the bullish support line, while additional can be found at prior resistance at $364. |
| VST Vistra Corp ($171.84) - Utilities/Electricity - VST broke a double bottom at $176 to return to a sell signal as shares fell to $172. The move violates the bullish support line on the trend chart and will cause the market RS chart to reverse into Os, dropping the stock down to a 2 for 5'er trading in a negative trend. From here support lies at $166, while additional can be found at $136. |
