Comments include: AMR, FIVE, KR, SCCO, STX, VLO, & VSCO.
| AMR Alpha Metallurgical Resources Inc. ($213.88) - Oil - AMR gave an initial sell signal Monday when it broke a triple bottom at $228. The outlook for the stock remains positive, however, as AMR is a 4 for 5'er that ranks in the top decile of the oil sector matrix. From here, the first level of support sits at $198. |
| FIVE Five Below Inc ($189.52) - Retailing - FIVE broke a double bottom at $188 for a second sell signal since peaking at $204. The stock continues to maintain a 5 technical attribute rating and ranks within the top decile of the Retailing sector matrix. From here, support now lies at $186, while additional can be found in the mid $170s. |
| KR The Kroger Co. ($63.79) - Retailing - Shares of KR broke a double top at $65, ending its streak of four consecutive sell signals. However, the 2 for 5'er continues to trade in a negative trend and lacks near-term relative strength. The stock remains a sell for now, but movement above the bearish resistance line at $67 would see the stock move back into a positive trend. Initial resistance after the bearish resistance line lies at $68 and $69. |
| SCCO Southern Copper Corporation ($188.41) - Metals Non Ferrous - SCCO returned to a buy signal Monday when it broke a triple top at $192, marking a new all-time high for the stock. Monday's move adds to an already positive technical picture as SCCO is a 5 for 5'er; however, the stock now sits in heavily extended territory with a weekly overbought/oversold (OBOS) reading above 130%. From here, the first level of support sits at $174. |
| STX Seagate Technology ($357.02) - Computers - STX advanced Monday to break a double top at $352 before reaching a new all-time high at $368. This 5 for 5'er moved to a positive trend last April and has maintained an RS buy signal against the market since 2023. The stock also sits in the top decile of the computers sector RS matrix. The weight of the technical evidence is robust and continues to improve. Initial support can be seen at $332 with further support at $312. Note that earnings are expected on 1/27. |
| VLO Valero Energy Corp ($183.28) - Oil Service - VLO gave an initial sell signal Monday when it broke a double bottom at $184. The technical picture remains favorable as VLO is a 4 for 5'er and ranks in the top third of the oil service sector matrix. From here, the next level of support sits at $180. |
| VSCO Victoria's Secret & Company ($59.26) - Retailing - VSCO broke a double bottom at $58 for a second sell signal since rallying to the mid-$60s. VSCO continues to maintain a 5 technical attribute rating and ranks as the top stock within the Retailing sector matrix. From here, support now lies at $53, while additional can be found in the $40 range. |
