Comments include: ADI, APP, ATO, BABA, DEO, NXT, & SSRM.
| ADI Analog Devices, Inc. ($308.23) - Semiconductors - ADI advanced Thursday to break a double top at $312, marking a third consecutive buy signal and a new all-time high. This 4 for 5'er moved to a positive trend in May and has maintained an RS buy signal against the market since 2016. The weight of the technical evidence is favorable and continues to improve. Note that the stock is in a heavily overbought position. Initial support is seen at $296 with further support at $272. |
| APP AppLovin Corp. Class A ($521.31) - Software - APP fell Thursday to break a spread triple bottom at $528 before dropping to $520 intraday. This 2 for 5'er showed near-term and long-term weakness against the market this month. The stock has also given three consecutive sell signals and saw weekly momentum recently flip positive, suggesting the potential for further upside from here. The weight of the technical evidence is weak and deteriorating. Further support may be seen at $496. Overhead resistance may be seen at $560 and $624. Note that earnings are expected on 2/11. |
| ATO Atmos Energy Corp ($165.35) - Gas Utilities - ATO reversed into Os and broke a double bottom for a second sell signal since peaking at $180 in November 2025. The stock maintains a positive trend and a 4 TA rating while ranking in the top quintile of the Gas Utilities sector matrix. From here, support lies at $162, while the bullish support line sits at $158. |
| BABA Alibaba Group Holding Ltd (China) ADR ($178.00) - Retailing - BABA broke a double top at $174 for a second buy signal as shares rallied to $180, their highest level since October 2025. Last week's action brought BABA up to a 3 for 5'er following a positive trend reversal on the default trend chart. Note resistance lies at $182, while the October 2025 rally high resides at $192. Initial support can be found at $162, while the bullish support line resides at $150. |
| DEO Diageo (United Kingdom) ADR ($91.18) - Food Beverages/Soap - Shares of DEO broke a double top at $92 for its second consecutive buy signal. The stocks is now testing its bearish resistance line, and remains a weak 0 for 5'er for the time being given its lack of long-term strength. The stock should continue to be avoided until it sees further improvement. |
| NXT Nextpower Inc. Class A ($106.03) - Oil Service - NXT returned to a buy signal Thursday when it broke a double top at $102 and continued higher to $106. Thursday's move adds to a moderately positive technical outlook as NXT is a 3 for 5'er that ranks in the top half of the oil service sector matrix. From here, the next level of overhead resistance can be found at $108, while support now sits at $93. |
| SSRM SSR Mining Inc. ($26.06) - Precious Metals - SSRM was up more than 12% intraday on Thursday and completed a shakeout pattern in when it broke a triple top at $26. Thursday's break adds to a positive technical picture as SSRM is a 3 for 5'er. However, those considering adding exposure should note that SSRM now sits on the verge of heavily overbought territory and shows no support on its chart until $18.50, roughly more than 25% away from current levels. |
