Comments include: CVNA, MP, NFLX, NTR, PR, SCCO, SDRL, & VSCO.
| CVNA Carvana Company ($400.10) - Autos and Parts - CVNA reversed into Xs and broke a double top at $408 for a fourth buy signal since November and to mark the highest chart level since August. The stock has improved to a 5 for 5'er after moving back into a positive trend and seeing the peer and market RS charts return to Xs during last week's trading. CVNA is actionable here on the breakout or on a pullback to the $390s. Initial support lies at $388, while the bullish support line sits at $320. |
| MP MP Materials Corp. ($62.88) - Metals Non Ferrous - MP gave an initial buy signal Friday when it broke a double top at $63. The outlook for the stock remains negative, however, as MP is a 0 for 5'er that ranks 16th of 16 names in the metals non ferrous sector matrix. From here, the next level of overhead resistance sits at $66. Meanwhile, support can be found at $58. |
| NFLX NetFlix Inc. ($100.64) - Media - NFLX slipped as much as 3.5% today on news that the media giant is purchasing Warner Bros. As normal following acquisition news, the parent company (NFLX) declined for the day. The 4/5'er is now well off 2025 and is in danger of moving down to a 3/5'er as it sits just 1% of reversing down into O's against its peer group. As mentioned in the previous comment, it would make sense for bulls to try and protect a range of old resistance in the upper $90s. The next level of traditional support comes into play at $95. |
| NTR Nutrien Ltd. ($60.08) - Chemicals - NTR returned to a buy signal and a positive trend Friday when it broke a double top at $61, where it now sits against resistance. The positive trend change will elevate NTR to an acceptable 3 for 5'er and the stock ranks in the top quartile of the chemicals sector matrix. From here, support sits at $55. |
| PR Permian Resources Corp. ($15.02) - Oil - PR returned to a buy signal and a positive trend change Friday, a move which will elevate it to an acceptable 3 for 5'er. PR now sits against resistance at $15, meanwhile, support can be found at $12. |
| SCCO Southern Copper Corporation ($140.96) - Metals Non Ferrous - SCCO returned to a buy signal Friday when it broke a double top at $142 and now sits one box away from reaching a new all-time high. SCCO is a 5 for 5'er and ranks in the top half of the metals non ferrous sector matrix. From here, support sits at $120. |
| SDRL Seadrill Limited ($32.09) - Oil Service - SDRL gave a fourth consecutive buy signal and returned to a positive trend Friday with a triple top break at $33. The outlook for the stock remains negative, however, as even with the positive trend change SDRL is an unfavorable 2 for 5'er. |
| VSCO Victoria's Secret & Company ($46.55) - Retailing - VSCO reversed into Xs and broke a double top at $45 for a fifth buy signal as shares rallied to $50, marking the highest chart level since mid-2022. The stock has been a 5 for 5'er since moving back into a positive trend in October and currently ranks 2nd (out of 93) within the Retailing sector matrix. The breakout places shares in overbought territory, so look for price consolidation in the $40 range and normalization of the 10-week trading band before considering. Initial support lies at $41, while additional can be found at $34. |
