Comments include: AEM, AVGO, BAC, CRS, CRWV, ETR, JPM, MCD, RBLX, & RL.
| AEM Agnico-Eagle Mines Ltd. ($168.27) - Precious Metals - AEM returned to a buy signal Friday when it broke a double top at $174. The return to a buy signal adds to a modestly positive technical picture as AEM is a 3 for 5'er; from here resistance sits at $176, while support can be found at $162. |
| AVGO Broadcom Ltd ($358.43) - Semiconductors - AVGO fell Friday after their earnings release to break a double bottom at $368 before dropping over 11% to $360. This stock still has a 4 for 5 TA rating and sits within a consolidation range that has been intact throughout the fourth quarter. Further support is seen at the bottom of that range at $332 and $328. Overhead resistance is seen at all-time highs of $408. |
| BAC Bank of America ($55.09) - Banks - BAC shares moved higher today to break a double top to mark its third consecutive buy signal and reach a new all-time high. This 4 for 5'er has been in a positive trend since March 2024 but on an RS sell signal versus the market since March 2023. BAC shares are actionable at current levels with a weekly overbought/oversold reading of 37%. From here, support is offered at $51 and $49. |
| CRS Carpenter Technology Corporation ($321.63) - Steel/Iron - CRS returned to a buy signal Friday when it broke a double top at $328. Friday's break adds to a positive technical outlook as CRS is a 5 for 5'er that ranks first out of 13 names in the steel/iron sector matrix. From here, support sits at $296. |
| CRWV CoreWeave, Inc. Class A ($80.06) - Computers - CRWV fell Friday to break a double bottom at $80 before dropping to $78 intraday. This ends a streak of consecutive buy signals for the 1 for 5'er that has been in a negative trend since November. The long-term weight of the technical evidence is weak and deteriorating. Long exposure should be avoided. Further support can be seen at $74 with additional support at $70 and $66. |
| ETR Entergy Corporation ($91.86) - Utilities/Electricity - ETR broke a triple bottom at $92 for a second sell signal since peaking at $98. The stock has maintain a 5 TA rating since January 2025 and currently ranks within the top quintile of the Electric Utilities sector matrix. From here, support now lies at $87, while additional can be found at $83, the bullish support line. |
| HCC Warrior Met Coal Inc ($83.01) - Oil - HCC returned to a buy signal Friday when it broke a double top at $85, matching its all-time high. Friday's move adds to an already positive technical picture as HCC is a 5 for 5'er that ranks in first out of 52 names in the oil sector matrix. From here, support sits at $78. |
| JPM J.P. Morgan Chase & Co. ($317.64) - Banks - JPM shares moved higher today to complete a bullish triangle and mark its second consecutive buy signal. This 5 for 5'er has been in a positive trend since November 2023 and on an RS buy signal against the market since March 2024. JPM shares are actionable at current levels with a weekly overbought/oversold reading of 27%. From here, support is offered at $300. |
| MCD McDonald's Corporation ($317.18) - Restaurants - MCD broke a triple top at $316 to return to a buy signal and penetrate the bearish resistance line. Along with positive long-term RS versus the market and near and long-term RS against its peer group, MCD will increase to a 4 for 5'er with the trend change. Okay to consider here on the breakout. Note resistance in the low to mid $320 range. Initial support lies in the $296 to $300 range, the bullish support line, while additional can be found in the $280 to $284 range. |
| RBLX Roblox Corp. Class A ($89.27) - Leisure - RBLX broke a double bottom at $91 to return the stock to a sell signal as shares fell to $90, violating the bullish support line. With the trendline violation, RBLX will drop to a 2 for 5'er for the first time since July 2024. Additionally, the stock has fallen into the bottom quintile of the Leisure sector matrix. From here, near-term support lies at $88, the November 2025 low. |
| RL Ralph Lauren ($371.81) - Textiles/Apparel - RL broke a double top at $372 for a third buy signal and to match the November chart high. The stock has been a 5 for 5'er since May of this year and ranks within the top quintile of the Textiles/Apparel sector matrx. Okay to consider here on the breakout or on a pullback to $360 on the chart. Initial support lies at $352, while additional can be found at $324 and $316. |
