Comments include: ALGT, APP, CF, CHRW, EQIX, GAP, & HWKN.
| ALGT Allegiant Travel Company ($94.91) - Aerospace Airline - ALGT reversed into Xs and broke a double top at $96 for a second buy signal and highest chart level since early last year. The stock has been a 4 for 5'er since November last year and current ranks within the top decile of the Aerospace Airline sector matrix. Okay to consider in the lower to mid $90s. Initial support lies at $92, while additional can be found at $83 and $81. |
| APP AppLovin Corp. Class A ($642.68) - Software - APP pushed higher Friday to break a double top at $648, returning the stock to a buy signal just above the mid-point on its trading band. This 5 for 5'er moved to a positive trend in August 2024 and has been on an RS buy signal against the market since 2023. The stock also sits in the top quintile of the software sector RS matrix. The weight of the technical evidence is favorable and improving. Initial support can be seen at $608 with further support at $600. |
| CF CF Industries Holdings, Inc. ($83.33) - Chemicals - CF returned to a positive trend Friday when it broke a double top at $82. The positive trend change will promote the stock to a still unfavorable 2 for 5'er. From here, the next level of resistance sits at $65. Meanwhile, support can be found at $76. |
| CHRW C.H. Robinson Worldwide, Inc. ($170.18) - Transports/Non Air - CHRW posted its seventh consecutive buy signal on its default chart with intraday action on 1/9. The 4/5'er is already up nearly 5% so far in 2026 and the technical picture remains quite strong. The stock ranks 4th of 60 within the transports sector, speaking to the strength against its peer group. Support is offered just below current levels at $162. |
| EQIX Equinix, Inc. ($801.61) - Real Estate - Shares of EQIX broke a double top at $800 for its second consecutive buy signal this year. Today's movement also saw the stock slip its trend back to positive, bringing it up to a 2 for 5'er. The stock is still in sell territory given its broader lack of relative strength but could be a name to keep an eye on. From here, initial resistance lies at $848 and $912. |
| GAP The Gap, Inc. ($28.08) - Retailing - GAP reversed broke a double top at $29 for a fourth buy signal since April of last year. GAP has improved to a 4 for 5'er due to positive near-term relative strength, while the stock has maintained a positive trend since October 2023. Okay to consider here on the breakout. Note resistance lies at current prices and at $30. A move to $31 would mark the highest chart level since 2021. Initial support lies at $25, while additional can be found at $22. |
| HWKN Hawkins Chemical Inc ($157.15) - Chemicals - HWKN gave a third consecutive buy signal and returned to a positive trend Friday when it completed a bullish catapult at $154. The positive trend change will promote the stock to a an acceptable 3 for 5'er. From here, the first level of support sits at $146. |
