Comments include: DG, HLT, HSY, NVDA, & SXT.
| DG Dollar General Corp. ($136.85) - Retailing - DG broke a double top at $136 for a second buy signal and to mark a new 52-week high. DG picked up two technical attributes earlier this month, and after a Peer RS chart buy signal earlier this week the stock moved up to a 5 for 5'er for the first time since 2020. DG now ranks within the top quartile of the Retailing sector matrix and maintains a current yield of 1.8%. Look for price consolidation in the lower $130s along with a normalization of the 10-week trading band before considering. Initial support lies at $124, while prior resistance in the $110s may be seen as additional support. |
| HLT Hilton Worldwide Holdings Inc ($293.40) - Leisure - HLT broke a double top at $288 to complete a bullish catapult pattern as shares rallied to a new all-time high at $292. The stock has been a 5 for 5'er for more than two years and ranks within the top half of the Leisure sector matrix. Okay to consider here on the breakout or on a pullback to the $270 range. Initial support can be found in the $256 to $268 range, while additional can be seen at $244. |
| HSY The Hershey Company ($189.26) - Food Beverages/Soap - Shares of HSY broke a double top at $190 for its second consecutive buy signal. Today's move also saw the stock flip its trend back to positive, bringing it up to a 2 for 5'er. However, the name remains a sell given its lack of long-term strength, even with its encouraging recent improvement. From here, initial resistance lies from $194 to $198. |
| NVDA NVIDIA Corporation ($170.94) - Semiconductors - NVDA fell Wednesday to break a double bottom at $172. The stock still has a favorable 4 for 5 TA rating, maintaining long-term technical strength. The stock is consolidating and showing near-term weakness, so it will be important to monitor next support levels. Additional support can be seen close by at $170 with further support at $166 from September. Overhead resistance is seen initially at $188. |
| SXT Sensient Technologies Corporation ($96.81) - Chemicals - SXT returned to a buy signal and a positive trend Wednesday when it broke a double top at $97. The outlook for the stock remains negative, however, as even with the positive trend change, SXT is an unfavorable 2 for 5'er. From here, the next level of overhead resistance sits at $99. |
