Comments include: ADBE, AGI, CNR, DY, EGO, & WFC.
| ADBE Adobe Systems Incorporated ($266.90) - Software - ADBE dropped Monday to break a double bottom at $264, marking a fourth consecutive sell signal and a new multi-year low. This 0 for 5'er moved to a negative trend last month and has been on an RS sell signal against the market since 2021. The weight of the technical evidence is weak here and continues to deteriorate. Long exposure should be avoided. Current holders should note that ADBE is in an oversold position, potentially creating a sell-on-rally candidate. Overhead resistance may be seen at $280. |
| AGI Alamos Gold Inc ($43.85) - Precious Metals - AGI returned to a buy signal Monday when it broke a double top at $42. The move adds to an already favorable technical picture as AGI is a 4 for 5'er; from here, the next level of resistance sits at $45, a level from which AGI reversed down twice in January. |
| CNR Core Natural Resources Inc. ($94.42) - Oil - After giving three consecutive sell signals, CNR returned to a buy signal Monday when it broke a double top at $95, where it now sits against its bearish resistance line. The outlook for the stock remains negative as CNR is a 1 for 5'er. From here, support sits at $87. |
| DY Dycom Industries Inc ($416.66) - Building - DY broke a double top at $408 to return to a buy signal as shares rallied to $416, marking a new all-time chart high. The stock has been a 5 for 5'er since May 2025 and currently ranks within the top decile of the Building sector matrix. Okay to consider on a pullback to the mid $360 to mid $390 range. Initial support lies at $352, while additional can be found at $336 and $324. |
| EGO Eldorado Gold Corporation ($41.98) - Precious Metals - EGO returned to a buy signal Monday with a double top break at $42. Monday's move adds evidence to an already positive outlook as EGO is a 4 for 5'er that ranks in the top half of the precious metals sector matrix. From here, EGO faces overhead resistance at $51, its multi-year high. Meanwhile, support can be found at $37. |
| WFC Wells Fargo & Company ($94.86) - Banks - WFC shares moved higher today to complete a bullish triangle and its second consecutive buy signal. This 5 for 5'er has been in a positive trend since May and on an RS buy signal versus the market since November 2024. WFC is trading in actionable territory with a weekly overbought/oversold reading of 18%. From here, support is offered at $91 and $87. |
