Comments include: CAH, CDNS, CRM, CRWD, EOG, HCC, IBM, LUV, LVS, META, MSFT, PANW, RCL, SM, TPL, & URI.
| CAH Cardinal Health, Inc. ($211.50) - Drugs - CAH inched higher to break a double top at $216, marking its fifth consecutive buy signal and a new all-time high above $216. The 5 for 5'er ranks in the top quintile of the drugs sector matrix. Long exposure can be made here. Initial support is at $196, with additional support at $190. |
| CDNS Cadence Design Systems, Inc. ($302.67) - Software - CDNS declined Thursday to break a double bottom at $304 before falling over 6% intraday to $296. This stock still has a 3 for 5 TA rating but has shown notable technical weakness. The stock is at support from November, with further support seen in the $288-280 range. Overhead resistance may be seen initially at $324. Note that earnings are expected on 2/17. |
| CRM Salesforce Inc. ($214.08) - Software - CRM fell Thursday to break a double bottom at $216 before dropping over 7% to $212 intraday. This 0 for 5'er moved to a negative trend earlier this month and has been on an RS sell signal against the market since August. The technical picture is weak and deteriorating. The stock is at support from May 2024. Overhead resistance may be seen initially at $232. |
| CRWD CrowdStrike Holdings, Inc. Class A ($441.24) - Software - CRWD dropped Thursday to break a double bottom at $432, marking a third consecutive sell signal. This stock still possesses a 3 for 5 TA rating but has shown notable technical deterioration since moving to a negative trend earlier this month. The weight of the technical evidence is mixed and deteriorating. Further support from here may be seen at $408 from last September. Overhead resistance may be seen at $480. |
| EOG EOG Resources, Inc. ($112.52) - Oil - EOG returned to a buys signal Thursday when it broke a double top at $114, where it now sits against resistance and its bearish resistance line. The technical picture for EOG remains weak as the stock is a 0 for 5'er that ranks in the bottom quintile of the oil sector matrix. From here, the first level of support sits at $106. |
| HCC Warrior Met Coal Inc ($92.41) - Oil - After giving two consecutive sell signals, HCC returned to a buy signal Thursday with a double top break at $94. Thursday's move adds to an already positive technical picture as HCC is a 5 for 5'er that ranks first of 55 names in the oil sector matrix. From here, overhead resistance sits at $102, while HCC now finds support at $89. |
| IBM International Business Machines Corp. ($304.96) - Computers - IBM pushed higher Thursday after the company's earnings report, breaking a spread triple top at $316. This marks the second consecutive buy signal for the 4 for 5'er that has maintained a positive trend since July 2023. The stock has also been on an RS buy signal against the market since early 2024 and sits in the top third of the computers sector RS matrix. The weight of the technical evidence is favorable and continues to improve. Initial support can be seen at $292. Further overhead resistance may be seen at $324 from last November. |
| LUV Southwest Airlines Co. ($48.38) - Aerospace Airline - LUV reversed into Xs and broke a double top at $46 as shares rallied to $48, marking a 52-week high. LUV has improved to a 4 for 5'er after seeing near-term market and peer RS turn positive back in December. This breakout places LUV above the top of the 10-week trading band in overbought territory. Those seeking exposure are better to look for consolidation in the mid $40s and normalization of the 10-week trading band before considering. Initial support lies at $41, while the bullish support line resides at $32. |
| LVS Las Vegas Sands Corp. ($52.12) - Gaming - LVS reversed into Os and broke a double bottom at $57 for a second sell signal as shares fell to $52. The move brings the stock into oversold territory on its default trend chart and will cause the market and peer RS charts to reversed into Os, dropping the stock down to a 3 for 5'er. From here, support for the stock now lies at $46, the October 2025 chart low, while the bullish support line lies at $44. |
| META Meta Platform Inc. ($738.31) - Internet - META surged over 10% on the day on the back of strong earnings. The move brings this 3/5'er back into earshot of its all-time highs from late 2025, but it is worth noting that the name isn't out of the woods quite yet. $750 has been a point of resistance. From here, watch for reversals as we are in heavily overbought territory after the big earnings reaction. |
| MSFT Microsoft Corporation ($427.64) - Software - MSFT fell Thursday after the company's earnings release, breaking a double bottom at $432 before dropping over 11% intraday to $424. This moves the stock within one box of an RS sell signal against the market, jeopardizing its 3 for 5 TA rating. The weight of the technical evidence is still favorable but the stock has shown notable near-term deterioration. Note that MSFT is now in oversold territory. Further support from here may be seen at $376, the current location of the positive trend line. Overhead resistance may be seen initially at $480. |
| PANW Palo Alto Networks Inc ($176.20) - Software - PANW fell Thursday to break a double bottom at $178 before falling over 5% intraday to $172. This stock still has a 3 for 5 TA rating but is now within one box of an RS sell signal against the market. Holders should set an alert for further attribute weakness. Further support can be seen at $166 with overhead resistance seen at $188. Note that earnings are expected on 2/12. |
| RCL Royal Caribbean Cruises Ltd. ($340.47) - Leisure - RCL broke a double top at $316 to return to a buy signal as shares rallied to $340, matching the top of the 10-week trading band. The move higher will cause the market and peer RS chart to reverse back into Xs, increasing the stock to a 5 for 5'er. Those seeking exposure to RCL will look for consolidation in the lower $300 range before adding. Current support on the default chart lies in the $260 range. |
| SM SM Energy Company ($19.53) - Oil - SM returned to a buy signal Thursday when it broke a double top at $20, where it now sits against prior resistance and its bearish resistance line. The outlook for SM remains decidedly negative as the stock is a 0 for 5'er that ranks 54th of 55 names in the oil sector matrix. From here, support can be found at $17.50, SM's multi-year low. |
| TPL Texas Pacific Land Trust ($353.21) - Real Estate - Shares of TPL broke a double top at $360 for its fourth consecutive buy signal. TPL regained near-term relative strength versus the market and its peers over the last couple weeks, bringing it up to an acceptable 3 for 5'er for the first time since last May. However, the stock still lacks long-term relative strength, keeping it in hold territory for now. From here, firm resistance lies at $376. |
| URI United Rentals, Inc. ($787.04) - Machinery and Tools - Shares of URI sunk on earnings, breaking a double bottom at $784 and continuing lower to test its bullish support line at $760. For the time being, the stock remains a hold as a 3 for 5'er, but investors should watch for further deterioration. |
