Comments include: ANF, CBT, CFG, GM, HLT, HWKN, KSS, KWR, PLNT, RDDT, RGLD, & YETI.
| ANF Abercrombie & Fitch Co. ($89.21) - Retailing - ANF reversed into Xs and broke a double top at $71 as shares rallied to $89 intraday Tuesday (11/25). This will cause the trend chart to shift back into a positive trend along with putting the market and peer RS charts both in a column of Xs and on an RS buy signal, increasing the stock from a 0 TA rating to a 5 for 5'er. Those seeking exposure will look for consolidation and a normalization of the 10-week trading back before considering. |
| CBT Cabot Corp ($64.18) - Chemicals - CBT gave an initial buy signal Tuesday when it broke a double top at $63. The outlook for the stock remains negative, however, as CBT is a 1 for 5'er that ranks in the bottom third of the chemicals sector matrix. From here, the next level of overhead resistance sits at $72. Meanwhile, support can be found at $59. |
| CFG Citizens Financial Group Inc ($54.16) - Banks - CFG shares moved higher today to break a triple top at $54 to mark its first buy signal. This 5 for 5'er has been in a positive trend since June and on an RS buy signal versus the market since August. CFG shares are trading near the middle of their ten-week trading band with a weekly overbought/oversold reading of 9%. From here, support is offered at $49 and $48. |
| GM General Motors ($72.96) - Autos and Parts - GM broke a double top at $73 for a sixth buy signal since April. The stock is a 5 for 5'er that ranks 2nd (out of 53) within the Autos and Parts sector matrix. Okay to consider in the $68 to $70 range. Initial support lies in the $67 to $68 range, while additional can be found at prior resistance in the lower $60s. |
| HLT Hilton Worldwide Holdings Inc ($283.73) - Leisure - HLT broke a quintuple top at $280 as shares rallied to a new high at $284. The stock is a 5 for 5'er that ranks within the top half of the Leisure sector matrix. Okay to consider here on the breakout or on a pullback to $272 on the chart. Initial support lies at $264, while additional can be found at $256 and $248, the bullish support line. |
| HWKN Hawkins Chemical Inc ($128.63) - Chemicals - HWK gave an initial buy signal Tuesday when it broke a double top at $130. The outlook for the stock remains negative as HWKN is a 2 for 5'er and ranks 37th of 44 names in the chemicals sector matrix. HWKN now finds support at $120, while the next level of overhead resistance sits at $132. |
| KSS Kohl's Corporation ($21.87) - Retailing - KSS reversed into Xs at $16.50 and broke a double top at $19 as shares rallied to $21, matching their highest level since July. This will increase the stock to a 5 for 5'er traidng in a positive trend. Those seeking exposure will look for consolidation in the $19 range before considering. Prior resistance at $18.50 may be seen as near-term support while the bullish support line resides at $15. |
| KWR Quaker Houghton ($140.12) - Chemicals - KWR returned to a buy signal and a positive trend Tuesday when it broke a triple top at $144, where it now sits against resistance. The positive trend change will promote the stock to an acceptable 3 for 5'er. From here, the first level of support sits at $126. |
| PLNT Planet Fitness Inc ($111.68) - Leisure - PLNT broke a double top at $112 for a second buy signal. The stock is a 5 for 5'er after seeing both the peer and market RS charts reverse back into Xs toward the end of last week. Okay to consider here on the breakout or on a pullback to $106 on the chart. Initial support lies at $102, while the bullish support line sits at $91. |
| RDDT Reddit, Inc. Class A ($215.35) - Internet - RDDT advanced Tuesday to break a triple top at $196 before advancing over 10% intraday to $212. This also move the stock back to a positive trend, improving it to a 3 for 5 TA rating. The weight of the technical evidence is still mixed but is improving. Initial support is seen at $182. The stock is at resistance from earlier this month, with further resistance seen at $228. |
| RGLD Royal Gold Inc ($192.55) - Precious Metals - RGLD gave a second consecutive buy signal and returned to a positive trend Tuesday when it completed a bullish triangle at $192. The positive trend change will promote RGLD to an acceptable 3 for 5'er. |
| YETI YETI Holdings, Inc. ($41.22) - Leisure - YEIT broke a double top at $40 to complete a bullish triangle and count as a fifth buy signal since May as shares rallied to $41. The stock is a 3 for 5'er that ranks in the top half of the Leisure sector matrix. Okay to consider here on the breakout or on a pullback to $38 on the chart. Initial support lies in the $35 to $36 range, while additional can be found in the $29 to $33 range. |
