Comments include: ABBV, AMAT, BABA, C, CMC, DKS, LIN, STLD, & V.
| ABBV AbbVie Inc. ($232.00) - Drugs - ABBV reversed back into a buy signal after completing a double top break at $322. The 5 for 5'er has been on a market RS buy signal since 2022, highlighting its long-term strength. Additionally, the stock offers a strong yield of 3%. Long exposure can be made here. Initial support is at $208, with additional support at $190. |
| AMAT Applied Materials, Inc. ($354.91) - Semiconductors - AMAT moved higher Friday after the company's earnings release, breaking a triple top at $348 before reaching a new all-time high at $376 intraday. This 5 for 5'er moved to a positive trend in September and has maintained an RS buy signal against the market since 2023. The weight of the technical evidence is favorable, however, AMAT is in overbought territory. Initial support can be seen at $328. |
| BABA Alibaba Group Holding Ltd (China) ADR ($154.85) - Retailing - BABA broke a double bottom at $156 for a second sell signal as shares fell to $154. The move violates the bullish support line, which will drop the stock down to a 2 for 5'er. From here, support now lies at $146, the January chart low. |
| C Citigroup, Inc. ($110.42) - Banks - C shares moved lower today to break a double bottom at $110 to mark its first sell signal. This 5 for 5'er has been in a positive trend since May 2025 and on an RS buy signal versus the market since January 2025. C shares are trading below the middle of their ten-week trading band with a weekly overbought/oversold reading of -27%. From here, support is offered at $96. |
| CMC Commercial Metals Corporation ($79.64) - Steel/Iron - After giving four consecutive buy signals CMC broke a double bottom at $79. The outlook for CMC remains positive as the stock is a 4 for 5'er and ranks fourth out of 14 names in the favored steel/iron sector matrix, From here, a reversal into Xs would put CMC into the action phase of a potential shakeout pattern; however, a move to $74 would take out another level of support on CMC's chart and negate the potential for a shakeout. |
| DKS Dick's Sporting Goods, Inc. ($201.61) - Retailing - DKS broke a double bottom at $198 for a third sell signal and to violate the bullish support line. This will drop the stock down to a 2 for 5'er trading in a negative trend, and the stock has fallen into the bottom quartile of the Retailing sector matrix. Support lies at current chart levels, while the next level of support lies aroudn $170. |
| LIN Linde Plc ($481.56) - Chemicals - LIN returned to a buy signal and a positive trend Friday when it broke a spread triple top at $488, taking our resistance that had been in place since September 2024. The positive trend change will promote LIN to an acceptable 3 for 5'er. From here, the first level of support sits at $448. |
| STLD Steel Dynamics Inc. ($191.61) - Steel/Iron - STLD gave an initial sell signal Friday when it broke a double bottom at $190 and continued lower to $186. The outlook for the stock remains positive, however, as STLD Is a 5 for 5'er and ranks in the top half of the favored steel/iron sector matrix. From here, the next level of support is STLD's bullish support line at $176. |
| V Visa Inc. ($314.73) - Finance - V shares moved lower today to break a double bottom and mark its second consecutive sell signal. This 3 for 5'er has been in a negative trend since January but on an RS buy signal versus the market since November 2012. V shares are trading below the middle of their ten-week trading band with a weekly overbought/oversold reading of -46%. From here, support is offered at $316 and $300. |
