Comments include: AMD, ATO, BG, BSX, CASY, CBT, CC, DOV, EBAY, EXPE, KR, LLY, MCD, MO, NVDA, OLN, PLTR, & VLO.
| AMD Advanced Micro Devices, Inc. ($201.60) - Semiconductors - AMD fell Wednesday after the company's earnings announcement, moving to a sell signal at $232 before dropping over 16% intraday to $200. This also led the stock to reverse back down into a column of Os against the market, demoting it to a 3 for 5 TA rating. AMD is now within one box of giving an RS sell signal on that chart, jeopardizing its TA suitability. Further support can be seen initially at $198 with additional support offered at $196. |
| ATO Atmos Energy Corp ($173.89) - Gas Utilities - ATO reversed into Xs and broke a double top at $174 to return to a buy signal. ATO has been at least a 3 technical attribute since May 2024 and currently maintains a 4 TA rating, while ranking within the top quintile of the Gas Utilities sector matrix. Okay to consider here on the breakout. Note the stoc's all-time high at $180. Initial support can be found at $164, while additional lies in the lower $160s and at $150. |
| BG Bunge Limited ($116.64) - Food Beverages/Soap - Shares of BG broke a double top at $120 for its third consecutive buy signal. The 4 for 5'er regained long-term market relative strength last month and BG is now in buy territory. However, the stock is trading in overbought territory well above the top of its ten-week trading band, so it could cool down over the next couple weeks. Those looking to buy should wait for a pullback to the low $100s or general consolidation before pulling the trigger. Initial support lies at $112 with the bullish support line at $93. |
| BSX Boston Scientific Corporation ($77.19) - Healthcare - BSX moved down sharply, completing a double bottom break at $87 and reaching an intraday low below $75. The 2 for 5'er shifted down from a 3 last month after reversing back into a negative trend. Additionally, the stock ranks in the bottom half of the healthcare sector matrix. The weekly OBOS indicates that the stock is in heavily oversold territory, so wait for the 10-week trading band to normalize before selling your position. Initial resistance can be seen at $94, with additional resistance at $100. |
| CASY Casey's General Stores Inc ($655.80) - Retailing - CASY broke a double top at $648 for a second buy signal as shares rallied to $656, a new all-time chart high. The stock has been at least a 3 technical attribute stock since May 2023 and currently maintains a 5 TA rating while ranking in the top quartile of the Retailing sector matrix. Okay to consider on a pullback to the $610 to $640 range. Initial support lies at $608, while additional can be found at $536. |
| CBT Cabot Corp ($78.73) - Chemicals - CBT was up more than 10% Tuesday and returned to a positive trend when it broke a double top at $75. The outlook for the stock remains unfavorable, however, as even with the positive trend change CBT is a 2 for 5'er. Wednesday's move has also pushed CBT into heavily overbought territory with a weekly OBOS reading of 112%. |
| CC The Chemours Company ($17.94) - Chemicals - CC returned to a buy signal Tuesday when it broke a triple top at $17 and continued higher to $18, where it now sits against resistance. The outlook for the stock remains unfavorable, however, as CC is a 2 for 5'er. Tuesday's has pushed the stock even further into extended territory with a weekly OBOS reading of 116%. |
| DOV Dover Corporation ($219.94) - Machinery and Tools - DOV moved higher today, meeting all-time chart highs at $220 in the process. This 3/5'er has now posted a string of five consecutive buy signals on its default PnF chart, adding to the positive weight of the evidence for the name. While it is worth noting that the stock is heavily overbought around current levels, those looking for focused exposure are fine to add to positions here. More defensive players might wait for DOV to establish new highs, signaling strength for bulls in the near term. |
| EBAY eBay Inc. ($86.62) - Retailing - EBAY broke a triple bottom at $90 to return the stock to a sell signal as shares fell to $82, violating the bullish support line. This will drop the stock down to a 2 for 5'er for the first time in roughly 2 years and will place the stock in the bottom half of the Retailing sector matrix. From here, support lies at current chart levels, while additoinal may be found at $80 and $78. |
| EXPE Expedia Group Inc. ($232.40) - Leisure - EXPE reversed into Os and broke a double bottom at $260 for a third sell signal as shares felll to $224, violating the bullish support line. The breakdown on the trend chart follows a reversal into Os on the market RS chart during trading on 2/3 and will cause the peer RS chart to reverse into Os, dropping the stock to a 2 for 5'er in conjunction with the trend flip. Support for the stock now lies at $212. |
| KR The Kroger Co. ($66.62) - Retailing - Shares of KR broke a double top at $66 for its second consecutive buy signal. Today's action also saw the stock flip its trend back to positive, bringing KR up to hold territory as 3 for 5'er for the first time since September. That said, the stock still lacks near-term relative strength, keeping it out of buy territory for the time being. From here, initial resistance lies at $68, $69, and $74. |
| LLY Eli Lilly and Company ($1,108.65) - Drugs - LLY reversed back into Xs on Wednesday, breaking a double top at $1072 and reaching an intraday high above $1104. The 5 for 5'er ranks in the top third of the drugs sector matrix. Long exposure can be made here, given the weight of the evidence. Initial strong support can be seen between $992-$1008, with additional support at $784. Resistance can be seen at $1120. |
| MCD McDonald's Corporation ($324.11) - Restaurants - MCD broke a double top at $324 for a second buy signal and to match the March 2025 all-time chart high. The stock is a 4 for 5'er that has maintained long-term market relative strength since November 2018. Okay to consider here on the breakout. Initial support lies at $300, the bullish support lies, while additional can be found at $296 and in the $280 range. |
| MO Altria Group Inc. ($65.22) - Food Beverages/Soap - MO shares had weakened in recent months, moving to a negative trend and losing near-term market relative strength, falling to a 2 for 5'er. However, today's action saw the stock break a double top at $65 to move to a buy signal while also moving back to a positive trend, moving it up to a 3 for 5'er. The stock is more of a hold than anything, but investors could keep an eye on the name for further improvement. From here, resistance from last year's highs lie at $67 and $68. |
| NVDA NVIDIA Corporation ($175.25) - Semiconductors - NVDA moved lower Wednesday to break a double bottom at $176 before falling to $172 intraday. This moved the default chart into a negative trend for the first time since last April. The stock will now have a 3 for 5 TA rating and is within one box of reversing down into Os on its market RS chart. The technical picture has stagnated since last August and is now showing weakness. Note that the stock is at support from December, with further support seen at $170 and $166. A violation of that range to $164 or lower would be more concerning. Overhead resistance is not seen until $194. Note that earnings are expected on 2/25. |
| OLN Olin Corp ($25.44) - Chemicals - OLN returned to a buy signal Tuesday when it broke a double top at $25. The outlook for the stock remains decidedly negative, however, as OLN is a 0 for 5'er that ranks in the bottom half of the chemicals sector matrix. From here, the next level of overhead resistance sits at $27. |
| PLTR Palantir Technologies Inc. Class A ($137.98) - Software - PLTR fell Wednesday, moving to a sell signal at $144 before dropping over 12% to $136 intraday. This stock still has a 3 for 5 TA rating but has shown substantial near-term weakness, giving five consecutive sell signals. While the technical picture is weakening, note that PLTR is in a heavily oversold position. Current holders may look to trim on a rally or eliminate exposure with further TA weakness. Prospective long investors should wait for more consistent improvement before jumping into new positions. Additional support may be seen at $130 and $120. Overhead resistance may be seen at $164. |
| VLO Valero Energy Corp ($197.41) - Oil Service - After giving two consecutive sell signals VLO returned to a buy signal Wednesday with a triple top break at $196. Wednesday's move adds to an already positive technical picture as VLO is a 4 for 5'er that ranks in the top half of the favored oil service sector matrix. Wednesday's move has pushed VLO into heavily extended territory with a weekly OBOS reading of 82%. |
