Comments include: BABA, DE, KO, NVDA, ORCL, & ROST.
| BABA Alibaba Group Holding Ltd (China) ADR ($154.04) - Retailing - BABA broke a double bottom at $150 for a fourth sell signal and to violate the bullish support line. This will shift the trend chart to a negative trend, dropping the stock to a 4 for 5'er. Prior resistance in the upper $140s may be seen as initial support, while additional may be found at $132. |
| DE Deere & Company ($487.24) - Machinery and Tools - DE returned to a positive trend today, but don't be fooled by the break. The stock is still a poor attribute name around current levels and has lots of resistance above. While keeping up with the market so far in 2025, upside looks to be limited from here between heavy resistance at highs in the $520's. |
| KO The Coca-Cola Company ($72.92) - Food Beverages/Soap - Shares of KO broke a triple top at $72 to move back to both a buy signal and a positive trend. However, the stocks remains a sell as a 2 for 5'er given its lack of long-term relative strength. From here, resistance from all-time highs lies at $74. |
| NVDA NVIDIA Corporation ($179.89) - Semiconductors - NVDA showed some whipsaw movement after earnings this week, ultimately falling sharply lower to break a double bottom at $178 and reach a low of $174. The stock still has a 4 for 5 TA rating and sits in the top half of the semiconductors sector RS matrix. The weight of the technical evidence remains strong; the sharp action did not change the broader technical picture. The stock is at support from September with further support at $170 and $166. Overhead resistance is now seen at $196 and $198. |
| ORCL Oracle Corporation ($197.88) - Software - ORCL moved lower this week to break a double bottom at $208 before falling to a lo of $194. This stock still has a 3 for 5 TA rating but has shown sharp declines and violated some key support levels. The next support level lies at $180, which is the current location of the bullish support line. Further deterioration past that point would send the stock into a low technical attribute rating. Additional long exposure should be avoided, while those with current positions may look toward holding as the stock still has a suitable technical attribute. Note that ORCL is in oversold territory as well. Overhead resistance may be seen at $232 then not until $284. |
| ROST Ross Stores, Inc. ($173.46) - Retailing - ROST broke a double top at $166 for a fourth buy signal as shares rallied to new highs at $174. This brings the market RS chart to a buy signal, showing long-term positive relative strength, and increases the stock to a 5 for 5'er. Those seeking expsoure will look for a pullback to the mid to lower $160s or consolidation in the upper $160s and lower $170s before considering. Initial support lies at $158, while additional can be found at $144 and $148. |
