Comments include: CHRD, DOV, GOLF, INTC, LLY, LOW, MA, PANW, PG, STLD, TRGP, & VIST.
| CHRD Chord Energy Corp. ($88.32) - Oil - CHRD returned to a sell signal Wednesday when it broke a double bottom at $89 after unsuccessfully testing its bearish resistance line. The return to a sell signal adds to an already weak technical picture as CHRD is a 0 for 5'er and ranks in the bottom quintile of the oil sector matrix. |
| DOV Dover Corporation ($199.51) - Machinery and Tools - Nice break for DOV today, as the 3/5'er moved to levels not seen since early 2025. The break marks the stock's 4th consecutive buy signal on its default chart, and while the name is now overbought the technical picture has certainly improved. Defensive players should look towards pullback at support at $194, while more aggressive members should take today's break at face value. From here, we will look towards $220 as our next level of resistance. |
| GOLF Acushnet Holdings Corp ($85.21) - Leisure - GOLF broke a double top at $87 for a second buy signal and to mark a new all-time chart high. The stock has been at least a 3 technical attribute stock since mid-2022 and has maintained a 5 TA rating since July of last year. Okay to consider here on the breakout or on a pullback to the lower $80s. Initial support lies at $80, the bullish support line, while additional can be found at $78 and $76. |
| INTC Intel Corporation ($42.34) - Semiconductors - INTC rose Wednesday to complete a bullish triangle at $43 before reaching $44 intraday. This 4 for 5'er moved to a positive trend in August and has been on an RS buy signal against the market since September. The weight of the technical evidence is favorable and improving. Initial support can be seen at $39 with further support at $35. Note that the stock is at resistance from last month. Earnings are expected on 1/29. |
| LLY Eli Lilly and Company ($1,102.20) - Drugs - LLY reversed back into Xs and completed a double top break at $1104, marking its fifth consecutive buy signal and a new all-time intraday high. The 5 for 5'er shifted up from a 4 in November of last year after reversing back into Xs against its peers. Additionally, the stock ranks in the top third of the drugs sector matrix. Long exposure can be made here. Resistance can be seen at $1104. Initial support is at $1140, with additional support at $992. |
| LOW Lowe's Companies Inc. ($248.52) - Building - LOW reversed into Xs and broke a double top at $256 for a second buy signal and to flip the trend back ot positive. Along with positive near and long-term market relative strength, the trend change will increase the stock to a 3 for 5'er. The stock now ranks within the top half of the Retailing sector matrix while maintaining a yield just shy of 2%. Note resistance lies at $272, while additional can be found in the $280 range, the 2024 all-time highs. Initial support lies at $240, while the bullish support line sits at $228. |
| MA Mastercard Incorporated Class A ($584.84) - Finance - MA shares moved higher today to break a double top at $584 to break a streak of two consecutive sell signals. This 5 for 5'er has been in a positive trend since December 2023 and on an RS buy signal versus the market since August 2011. MA shares are trading in actionable territory with a weekly overbought/oversold reading of 42%. From here, support is offered at $528. |
| PANW Palo Alto Networks Inc ($194.76) - Software - PANW rose over 4% Wednesday to break a double top at $192 before reaching $196 intraday. This 4 for 5'er still sits in a negative trend but is now just two boxes away from testing that trendline. The stock would move back to a positive trend with improvement to $204 from the current position. Initial support is seen at $178. |
| PG The Procter & Gamble Company ($138.53) - Household Goods - Shares of PG broke a double bottom at $138 for its third consecutive sell signal. Tuesday's action also saw the stock lose its long-term market relative strength, bringing it down to an unacceptable 2 for 5'er. Those with exposure should look to sell, especially if it moves closer to the middle of its 10-week trading band around $145. From here, initial support lies at $136, but it was last seen in 2023. |
| STLD Steel Dynamics Inc. ($167.72) - Steel/Iron - After giving seven consecutive buy signals, STLD fell to a sell signal Wednesday when it broke a double bottom at $168. The outlook for the stock remains decidedly positive as STLD is a 5 for 5'er that ranks fifth of 14 names in the favored steel/iron sector matrix. From here, the next level of support sits at $166. |
| TRGP Targa Resources Corp. ($175.43) - Oil Service - After giving four consecutive buy signals TRGP fell to a sell signal Wednesday when it broke a double bottom at $176. The outlook for the stock remains modestly positive as TRGP is a 3 for 5'er. From here, the next level of support sits at $172. |
| VIST Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR Class A ($43.97) - Oil - VIST gave a second consecutive sell signal and violated its trend line in Wednesdays trading when it broke a double bottom at $45. The negative trend change will drop VIST to an unfavorable 2 for 5'er. From here, the stock shows no further support on its chart until $35. |
