Comments include: BABA, BRK, CCK, EOG, SHEL, SHOP, SMCI, & SMG.
| BABA Alibaba Group Holding Ltd (China) ADR ($149.64) - Retailing - BABA broke a triple bottom at $148 to return to a sell signal as well as violate the bullish support line. Coupled with the market and peer RS chart reversals into Os during last week's trading, the negative trend switch will drop BABA down to a 2 for 5'er. Beyond current prices in the upper $140s additional support can be found at $132 and $118, price levels not seen since September and August of this year. |
| BKR Baker Hughes Company ($45.04) - Oil Service - BKR gave an initial sell signal Tuesday when it broke a double bottom at $45. The outlook for the stock remains favorable, however, as BKR is a 5 for 5'er and ranks in the top half of the oil service sector matrix. Multiple levels of of additional support, including BKR's trend line, can be found in the $42 - $44 range. |
| CCK Crown Holdings, Inc. ($101.37) - Business Products - CKK has largely moved back and forth after establishing new 2025 highs towards the middle of the year. With that said, action on 12/16 will bring the stock back into a positive trend, a break that will push the stock back to a 3/5'er in terms of its overall TA score. It will maintain a hold rating, now sitting in the 25th position of its sector matrix. Those looking for holdings. maybe set an alert for a breakout past $110 which would signal interest past otherwise stubborn resistance on our default chart. |
| EOG EOG Resources, Inc. ($101.98) - Oil - EOG gave a second consecutive sell signal and hit a new multi-year low Tuesday when it broke a spread quadruple bottom at $102. The move adds to an already weak technical picture - EOG is a 0 for 5'er and ranks in the bottom quintile of the oil sector matrix. |
| SHEL Shell PLC Sponsored ADR ($70.68) - Oil - After completing three consecutive buy signals SHEL fell to a sell signal Tuesday when it completed a bullish signal reversal at $71, where it now sits against support. The outlook for the stock remains positive as SHEL is a 4 for 5'er that ranks in the top third of the oil sector matrix. |
| SHOP Shopify Inc ($162.47) - Retailing - SHOP broke a double bottom at $158 to initiate a shakeout pattern as shares fell to the mid $150s intraday Tuesday (12/16) before rebounding back above $160 by close. The stock is a 4 for 5'er that has maintained a positive trend since April along with positive long-term relative strength versus the market and peer group. From here, the action point for the shakeout pattern would be upon a reversal back into Xs at $162, while the pattern would be complete upon a triple top break at $170. Support now lies at $150, while additional may be found at $144 and $138. |
| SMCI Super Micro Computer, Inc. ($31.66) - Computers - SMCI fell Tuesday to break a double bottom at $31, marking a fourth consecutive sell signal. This 0 for 5'er moved to a negative trend in November and sits at the bottom of the computers sector RS matrix. The weight of the technical evidence is weak and deteriorating. However, SMCI is in oversold territory, highlighting a potential sell-on-rally candidate. Further support may be seen at $29 and $28. |
| SMG The Scotts Company ($58.68) - Chemicals - SMG returned to a buy signal Tuesday when it broke a double top at $59, where it now sits against resistance and its bearish resistance line. The outlook for the stock remains negative as SMG is a 1 for 5'er; from here, the first level of support sits at $53. |
