Comments include: AU, AXP, CNR, DLTR, ESAB, EXPE, FIVE, HAS, IFF, ORCL, PSX, URBN, & URI.
| AU AngloGold Ashanti Limited (South Africa) ADR ($85.88) - Precious Metals - AU returned to a buy signal Thursday when it broke a triple top at $86. The move adds to an already positive technical picture as AU is a 5 for 5'er that ranks fourth out of 30 names in the precious metals sector matrix. From here, the next level of resistance sits at $89. Meanwhile, support can be found at $79. |
| AXP American Express Company ($382.00) - Finance - AXP shares moved higher today to break a double top at $380 to mark its fifth consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since November 2023 and on an RS buy signal versus the market since February 2022. AXP shares are trading above the mid-point of their ten-week trading band with a weekly overbought/oversold reading of 49%. From here, support is offered at $336. |
| CNR Core Natural Resources Inc. ($87.34) - Oil - CNR gave a second consecutive buy signal and returned to a positive trend Thursday when it broke a double top at $87. The outlook for the stock remains unfavorable, however, as even with the positive trend change CNR is a 2 for 5'er and ranks in the bottom half of the oil sector matrix. From here, the next level of overhead resistance sits at $91. |
| DLTR Dollar Tree, Inc. ($129.62) - Retailing - DLTR broke a double top at $126 for a fifth buy signal as shares rallied to $130, marking a 52-week high. The stock is a 3 for 5'er that ranks maintained a positive trend since April and possesses positive near-term market and peer RS. This action places the stock in overbought territory above the top of the 10-week trading band, so those seeking exposure are best to look for consolidation in the $120 range along with normalization of the 10-week trading band before considering. Initial support lies at $118, while additional can be found in the $98 to $99 range. |
| ESAB ESAB Corporation ($116.58) - Machinery and Tools - ESAB moved back into a positive trend today and will shift back to a technically acceptable 3/5'er... but buyer beware the overall technical outlook is still quite bleak. Back and forth action leaves a range of resistance between $118 and $134. Continue to avoid until further technical improvement is seen. |
| EXPE Expedia Group Inc. ($281.25) - Leisure - EXPE broke a double top at $280 for a second buy signal and to mark a new all-time chart high. The stock has maintained a positive trend since May and shows positive near and long-term market and peer RS, making it a 5 for 5'er in TA rating. The stock also ranks 2nd (out of 58) within the Leisure sector matrix and within the top decile of the Top 500 Large Cap matrix. Okay to consider here on the breakout or on a pullback toward the middle of the 10-week trading band. Initial support on the default chart lies at $236, while additional can be found at $212. |
| FIVE Five Below Inc ($183.13) - Retailing - FIVE reversed into Xs and broke a double top at $182 for a fourth buy signal as shares rallied to $184, marking a 52-week high. The stock has maintained a positive trend since April of this year and shows positive near and long-term RS against the market and peer group, making it a 5 for 5'er in TA rating. Okay to consider here on the breakout or on a pullback to the upper $170s. Initial support lies at $174, while additional can be found at $160 and $150. |
| HAS Hasbro, Inc. ($83.89) - Leisure - HAS reversed into Xs and broke a double top at $84 for a third buy signal as shares rallied to $85, marking a new 52-week high. The stock has maintained a positive trend since April and shows positive near and long-term RS versus the market and peer group. HAS also ranks within the top third of the Leisure sector matrix and is accompanied by a yield of roughly 3.5%. Okay to consider here on the breakout. Initial support lies at $80, while additional may be found at $75 and $71. |
| IFF International Flavors & Fragrances Inc. ($62.57) - Chemicals - IFF fell to a sell signal Thursday after unsuccessfully testing its bearish resistance line. The move adds to an already weak technical picture as IFF is a 1 for 5'er . From here, the next level of support sits at $62. |
| ORCL Oracle Corporation ($198.84) - Software - ORCL moved lower Thursday after the company's earnings release, breaking a double bottom at $196 before falling back into a negative trend with movement to $188. This drops the stock down to a 2 for 5 TA rating for the name ranked in the bottom quintile of the software sector RS matrix. The weight of the technical evidence is now weak and deteriorating. Further support may be seen at $186. Overhead resistance is seen initially at $224. |
| PSX Phillips 66 ($142.74) - Oil Service - PSX returned to a buy signal Thursday when it broke a spread triple top at $144. The move adds to modestly positive technical picture as PSX Is a 3 for 5'er that ranks in the top half of the oil service sector matrix. From here, the next level of overhead resistance sits at $150. Meanwhile, support can be found at $132. |
| URBN Urban Outfitters, Inc. ($81.60) - Retailing - URBN broke a triple top at $80 for a second buy signal as shares rallied to $81, a new all-time chart high. The stock shifted back into a positive trend in the latter part of November while the market RS chart shifted back to Xs, increasing the stock up to a 4 for 5'er in TA rating. Okay to consider here on the breakout or on a pullback to the mid to upper $70s. Initial support lies at $74, while additional can be found at $64, the bullish support line. |
| URI United Rentals, Inc. ($836.35) - Machinery and Tools - Shares of URI broke a double top at $832 to move back to a buy signal. United Rentals has weakened in recent months, losing near-term relative strength versus both the market and its peer group, bringing URI down to a 3 for 5’er. Those with positions can continue to hold for now but should watch for further deterioration, such as movement below the bullish support line at $736. Initial support for the fund also lies at $784 and $776. |
