Comments include: AGI, NEM, OKE, PSTG, UAL, & USFD.
| AGI Alamos Gold Inc ($36.49) - Precious Metals - AGI returned to a buy signal Wednesday when it broke a double top at $36. Wednesday's move adds to a positive overall technical picture as AGI is a 4 for 5'er. From here, the overhead resistance sits at $37, AGI's all-time high. Meanwhile, support can be found at $32. |
| NEM Newmont Corp ($90.40) - Precious Metals - NEM returned to a buy signal Wednesday when it broke a triple top at $90. The outlook for the stock remains negative, however, as NEM is a 2 for 5'er. From here, the next level of resistance sits at $93, while support can be found at $82. |
| OKE ONEOK, Inc. ($71.93) - Oil Service - After giving completing two consecutive sell signals OKE returned to a buy signal Wednesday when it broke a double top at $72. The outlook for the stock remains negative as OKE is a 1 for 5'er that ranks in the bottom decile of the oil service sector matrix. From here, the next level of overhead resistance sits at $75. Meanwhile, support can be found at $65. |
| PSTG Pure Storage ($87.27) - Computers - PSTG pushed higher on Wednesday to break a double top at $87, ending a string of consecutive sell signals. This stock still maintains a 4 for 5 TA rating and sits in the top third of the computers sector RS matrix. The weight of the technical evidence is favorable and showing near-term improvement. However, initial support is not seen until $76. Further overhead resistance may be seen at $93. Note that earnings are expected on 12/2. |
| UAL United Airlines Holdings Inc. ($101.72) - Aerospace Airline - UAL broke a triple top at $102 to return to a buy signal and clear resistance that dates to October. The breakout also flips the trend back to positive, which will increase the stock to a 4 for 5'er. Resistance lies current price levels, while the September rally high resides at $110. Support currently lies at $89, the recent chart low and bullish support line, while the August chart low resides at $83. |
| USFD US Foods Holding Corp. ($79.06) - Food Beverages/Soap - Shares of USFD broke a double top at $79, ending its streak of four consecutive sell signals. The 5 for 5'er continues to display positive relative strength and trade in a positive trend despite its slowdown, putting it in buy territory. From here, resistance lies at $80 then $85. |
