Comments include: DASH, GOOGL, GTLB, HCC, HD, LOW, ORLY, RCL, V, & WMT.
| DASH DoorDash, Inc. Class A ($208.41) - Restaurants - DASH broke a double bottom at $194 for a second sell signal and to violate the bullish support line. Along with the recent market and peer RS chart reversals into Os, the trendline violation will drop the stock down to a 2 for 5'er. From here, support on the default chart isn't found until the $170 range. |
| GOOGL Alphabet Inc. Class A ($276.41) - Internet - Near shakeout pattern for this perfect 5/5 despite the return to a PnF sell signal. The move comes as the stock moves out of heavily overbought territory. Large names (META particularly) have struggled slightly recently, but the technical picture for GOOGL is still quite strong around current levels. |
| GTLB Gitlab, Inc. Class A ($44.68) - Software - GTLB moved lower Friday to break a double bottom at $43, notching a second consecutive sell signal. This 1 for 5'er moved to a negative trend earlier this month and has been on an RS sell signal against the market since June. The weight of the technical evidence is weak and continues to deteriorate. Note that the stock is at support from October. Overhead resistance is seen at $47. Note that earnings are expected on 12/4. |
| HCC Warrior Met Coal Inc ($78.90) - Oil - HCC gave an initial sell signal Friday when it broke a double bottom at $78. The outlook for the stock remains positive, however, as HCC is a 5 for 5'er that ranks first out of 52 names in the oil sector matrix. From here, the next level of support is HCC's trend line at $68. |
| HD Home Depot, Inc. ($362.65) - Building - HD broke a double bottom at $360 for a second sell signal. This follows the violation of the bullish support line, which dropped the stock down to a 1 for 5'er. From here, support lies at $356, while additional lies in the $344 to $348 range. |
| LOW Lowe's Companies Inc. ($228.44) - Building - LOW broke a double bottom at $228 to return to a sell signal. The brings the stock down to test its bullish support line, which if violated, would drop the stock to a 2 for 5'er trading in a negative trend. From here, additional support can be found in the $208 to $216 range. |
| ORLY O'Reilly Automotive, Inc. ($98.90) - Autos and Parts - ORLY broke a double top at $100 to return to a buy signal. The stock maintains a 4 TA rating and continues to rank within the top half of the Autos and Parts sector matrix. Okay to consider here on the breakout. Note the stock's all-time chart high at $108. Initial support lies at $91, while additional can be found in the $86 to $87 range. |
| RCL Royal Caribbean Cruises Ltd. ($253.93) - Leisure - RCL broke a double bottom at $248 for a third sell signal since the latter part of October. This follows the recent violation of the bullish support line, which dropped the stock to a 2 for 5'er trading in a negative trend. Additionally, RCL has fallen into the bottom third of the Leisure sector matrix. From here, support lies at $236, while additional can be found at $204. |
| V Visa Inc. ($329.81) - Finance - V shares moved lower today to break a triple bottom at $332 to mark its fourth consecutive sell signal and enter a negative trend. This 4 for 5'er has been on an RS buy signal versus the market since November 2012. V shares are trading near the middle of their ten-week trading band with a weekly overbought/oversold reading of -24%. From here, support is offered at $332. |
| WMT Walmart Inc. ($102.29) - Retailing - WMT broke a double bottom at $99 to complete a bullish signal reversal. The stock maintains a 4 TA rating and continues to rank within the top half of the Retailing sector matrix. From here, support lies in the $94 to $96 range, while additional can be found in the $91 to $92 range. |
