Comments include: AGX, MP, MTDR, ON, ORLY, & STLD.
| AGX Argan, Inc. ($397.00) - Building - AGX moved to all time highs with intraday action on 1/21. Up over 22% so far in 2026, the stock has gained significant technical favor over the last few weeks... sitting within a box on its peer RS chart of returning to a 5/5 TA score. While it is up substantially already in 2026, there is room for more upside, as we aren't yet in heavily overbought territory according to the weekly overbought/oversold reading. On pullbacks, look towards newly established support at $372. Keep in mind the name has an RRisk of 3.58 (over 3x market) so it can move around quite quickly. Keep this in mind when considering suitability. |
| MP MP Materials Corp. ($64.33) - Metals Non Ferrous - MP was down more than 5% Wednesday and gave a sell signal when it broke a double bottom at $65. Wednesday's move adds to an already weak technical picture as MP is a 1 for 5'er and ranks last out of 21 names in the metals non ferrous sector matrix. From here, the next level of support sits at $60. |
| MTDR Matador Resources Company ($43.79) - Oil - MTDR returned to a buy signal and a positive Wednesday when it broke a double top at $45. The outlook for the stock remains negative as even with the positive trend change MTDR is a unfavorable 1 for 5'er. From here, the first level of support sits at $40. |
| ON On Semiconductor Corp. ($63.54) - Semiconductors - ON rose Wednesday to break a double top at $63, notching a third consecutive buy signal. This also matches the stock's 52-week high from last July. The weight of the technical evidence is improving as ON moved back to a 3 for 5 TA rating last week. Initial support can be seen at $59 with further support at $54. Earnings are expected on 2/9. |
| ORLY O'Reilly Automotive, Inc. ($98.84) - Autos and Parts - ORLY reversed into Xs and broke a double top at $97 to return to a buy signal as shares rallied to $98. The stock has maintained a positive trend since 2009 and at least a 3 technical attribute rating since 2011. From here, note resistance lies at $102, while the stock's all-time chart high resides at $108. Initial support can be found at $93, while additional can be found at $90 and in the mid-$80s. |
| STLD Steel Dynamics Inc. ($179.99) - Steel/Iron - STLD returned to a buy signal and a positive trend Wednesday when it broke a double top at $178 and continued higher to notch a new all-time high at $180. Wednesday's move adds to an already positive technical picture as STLD is a 5 for 5'er and ranks in the top half of the favored steel/iron sector matrix. From here, the first level of support sits at $168. |
