Comments include: BG, CCJ, FSLR, GE, IONS, MAR, NXT, & PM.
| BG Bunge Limited ($89.79) - Food Beverages/Soap - Shares of BG broke down, completing its fourth consecutive sell signal. Today's action saw the stock flip its trend back to negative, bringing it down to a 2 for 5'er. Those with exposure could look to sell here. Initial support is far away at $80 and $77, with resistance in the mid $80s potentially serving as another potential bounce point. |
| CCJ Cameco Corporation ($92.09) - Metals Non Ferrous - After successfully testing its bullish support line, CCJ returned to a buy signal Monday with a double top break at $94. The move adds to a modestly positive technical picture as CCJ is a 3 for 5'er. From here, the next level of overhead resistance sits at $96, while support can be found at $85. |
| FSLR First Solar, Inc. ($283.80) - Electronics - FSLR pushed higher Monday to break a spread triple top at $280 before reaching a new 52-week high at $284. This 4 for 5'er moved to a positive trend in July and sits in the top decile of the electronics sector RS matrix. The weight of the technical evidence is favorable and continues to improve. Initial support can be seen at $252, which is the current location of the bullish support line. |
| GE GE Aerospace ($316.26) - Aerospace Airline - GE pushed higher today, returning to a buy signal on its default chart at $312. The stock remains a high attribute name and can be added to around current levels. Those looing to play a bit more defensive should wait and see how the 5/5'er reacts around all time highs... perhaps set an alert for new all-time chart highs at $320. Support is now offered at $292 and $280. |
| IONS Ionis Pharmaceuticals Inc. ($81.86) - Drugs - IONS reversed back into a column of Xs and broke a double top at $82. The 5 for 5'er moved up from a 3 in September after reversing back to a buy signal against both the market and its peers. Additionally, the stock ranks in the top quintile of the drugs sector matrix. Initial support is at $77, with additional support at $69. Initial resistance is at $83, it's previous all-time high. |
| MAR Marriott International, Inc. ($314.11) - Leisure - MAR broke a double top at $312 for a fifth buy signal since April and to mark a new all-time high. The stock has been a 5 for 5'er since May of this year, trading in a positive trend since that time and maintaining positive market and peer RS since October 2023. Okay to consider here on the breakout or on a pullback below $300. Initial support lies at $284, while additional lies at $268, the bullish support line. |
| NXT Nextpower Inc. Class A ($93.60) - Oil Service - NXT returned to a buy signal and a positive trend Monday when it broke a double top at $92. The positive trend change will promote the stock to an acceptable 3 for 5'er. NXT also ranks in the top half of the favored oil service sector matrix. From here, NXT shows no additional resistance until $108; meanwhile, support can be found at $88. |
| PM Philip Morris International Inc. ($159.70) - Food Beverages/Soap - Shares of PM broke a triple top at $160, ending its streak of four consecutive sell signals. The stock lost near-term market strength in July but remains a solid 4 for 5'er given its long-term strength. From here, resistance lies at $160, $168, and $174. |
