Comments include: BKR, CIEN, DY, ECL, H, HUN, KLAC, MMM, PEN, PFGC, RDDT, & WDC.
| BKR Baker Hughes Company ($51.63) - Oil Service - BKR returned to a buy signal and reached a new all-time high Thursday when it broke a double top at $52. Thursday's move adds to an already positive technical picture as BKR is a 5 for 5'er that ranks in the top half of the chemicals sector matrix. |
| CIEN CIENA Corporation ($246.38) - Telephone - CIEN returned to a PnF buy signal with intraday action on 1/15/26. Establishing some localized support around $236 on its default chart. The technical picture is strong and improving, currently earning a perfect 5/5 TA score. Furthermore, today's buy signal confirms upside action on the right side of the middle of the trading band... you'll also find a range of support in the low $220's- a point bulls fought hard to get through in 2025. Feel free to add here. |
| DY Dycom Industries Inc ($366.71) - Building - DY broke a triple top at $360 to return to a buy signal as shares rallied to $372, a new all-time chart high. The stock has been a 5 for 5'er since May 2025 and currently ranks within the top decile of the Building sector matrix. Okay to consider here on the breakout or on a pullback toward the middle of the 10-week trading band. Initial support lies at $336, while additional can be found at $324. |
| ECL Ecolab Inc. ($277.29) - Chemicals - ECL returned to a buy signal Thursday when it broke a double top at $280, where it now sits against resistance . The return to a buy signal adds to an modestly positive technical picture as ECL is a 3 for 5'er that ranks in the top half of the chemicals sector matrix. From here, the first level of support sits at $252. |
| H Hyatt Hotels Corp. ($169.85) - Leisure - H broke a double top at $174 to complete a bullish catapult for a fourth buy signal and to mark a new all-time chart high. The stock has been a 5 for 5'er since November 2025 and currently ranks within the top half of the Leisure sector matrix. Okay to consider here on the breakout or on a pullback to the mid $160s. Initial support lies at $164, while additional can be found at $160 and $152, the bullish support line. |
| HUN Huntsman Corporation ($12.13) - Chemicals - After giving six consecutive sell signals, HUN returned to a buy signal Thursday when it completed a bearish signal reversal at $12, where it now sits against resistance that dates to July of last year. The outlook for the stock remains decidedly negative, however, as HUN is a 0 for 5'er. From here, the first level of support sits at $7.50. |
| KLAC KLA Corp ($1,566.21) - Semiconductors - KLAC shot higher Thursday, breaking a double top at $1472 before reaching a new all-time high at $1568. This stock has a 5 for 5 TA rating and sits in the top third of the favored semiconductors sector RS matrix. The technical picture is positive and continues to see improvement. Note that the stock is in a heavily overbought position now. Initial support is not seen until $1408 with further support at $1312. Earnings are expected on 1/29. |
| MMM 3M Company ($171.48) - Chemicals - MMM returned to a buy signal and a positive trend Thursday when it broke a double top at $172. The positive trend change will promote MMM to an acceptable 3 for 5'er. From here, the next level of overhead resistance sits at $174. |
| PEN Penumbra ($351.29) - Healthcare - PEN reversed back into a buy signal and completed a double top break at $238, marking a new intraday all-time high above $352. The 5 for 5'er gained 3 signals in November after reversing back into a buy signal and into a buy signal against both the market and its peers. Additionally, the stock ranks in the top quintile of the healthcare sector matrix. The weekly OBOS indicates that the stock is in overbought territory, so wait for the 10-week trading band to normalize before considering. Initial strong support can be seen between $288-$292. The bullish support line can be seen at $272. |
| PFGC Performance Food Group Co Formerly ($96.84) - Food Beverages/Soap - Shares of PFGC broke a double top at $96, ending its streak of four consecutive sell signals. Today's move also saw the stock return to a positive trend, bringing it up to a solid 4 for 5'er. Those looking for consumer staples exposure could look to buy PFGC here, but should watch resistance at $97, $100, and $108. |
| RDDT Reddit, Inc. Class A ($231.32) - Internet - RDDT moved to a sell signal Thursday, setting up a potential shakeout pattern. This stock maintains a strong 5 for 5 TA rating and has maintained a positive trend since November. The buy point on the shakeout pattern would occur with a potential reversal up into a column of Xs at $244 from the current position. Note that the pattern would be negated with violation of further support down to $220. The pattern would be completed with a triple top breakout at $264. Earnings are expected on 2/11. |
| WDC Western Digital Corporation ($228.20) - Computers - WDC pushed higher Thursday to break a double top at $224 before reaching a new all-time high at $228 intraday. This stock has a 5 for 5 TA rating and sits in the top decile of the computers sector RS matrix. The weight of the evidence is positive and improving. However, note that WDC is entering overbought territory. Initial support can be seen at $182. Earnings are expected on 1/29. |
