Comments include: CAVA, CE, EMN, GE, IDXX, MP, MTRN, NVDA, & ORLY.
| CAVA CAVA Group, Inc. ($84.69) - Restaurants - CAVA reversed into Xs and broke a double top at $71 to complete a bullish triangle as shares rallied to $85, marking the highest chart level since August last year. The stock is a 3 for 5'er that ranks within the top third of the Restaurants sector matrix. From here, those seeking exposure are best to look for price consolidation along with a normalization of the 10-week trading band before considering. Prior resistance at $72 may be seen as near-term support, while additional can be found at $67. |
| CE Celanese Corporation ($49.15) - Chemicals - After giving four consecutive buy signals CE fell to a sell signal Wednesday when it broke a double bottom at $52; the move adds to an already weak technical picture as CE is a 2 for 5'er. From here, the next level of support sits at $44. |
| EMN Eastman Chemical Company ($75.62) - Chemicals - After giving six consecutive sell signals EMN fell to a sell signal Wednesday when it broke a double bottom at $75. Wednesday's move adds evidence to a weak outlook as EMN is a 2 for 5'er. From here, the next level of support sits at $69. |
| GE GE Aerospace ($343.88) - Aerospace Airline - Quick follow-up to our most recent comment- GE moved higher today, printing new all-time highs today in the process. The technical picture remains quite strong and the notable change that comes with today's action is the establishment of new support around a range of old resistance in the $320's. Those who were waiting to see if $344 was trouble can feel a bit more comfortable moving in here. |
| IDXX IDEXX Laboratories, Inc. ($660.62) - Healthcare - IDDX inched higher and completed a double top break at $656. The 4 for 5'er moved down from a 5 earlier this month, after reversing back into Os against the market, and sits over 10% below its highs from late 2025. However, IDDX is still rated a buy and ranks int the top half of the healthcare sector matrix. Consider adding exposure here, or wait for the stock to move closer to its previous all-time highs. Strong support can be seen at $608. Strong resistance can be seen at $720. |
| MP MP Materials Corp. ($59.06) - Metals Non Ferrous - After giving five consecutive sell signals, MP returned to a buy signal Wednesday when it completed a bearish signal reversal at $59. The outlook for the stock remains unfavorable, however, as MP is a 0 for 5'er that ranks 19th of 21 names in the metals non ferrous sector matrix. From here, the first level of support sits at $54. |
| MTRN Materion Corp. ($161.67) - Chemicals - MTRN returned to a buy signal Wednesday when it broke a double top at $160. Wednesday's move adds to an already positive technical picture as MTRN is a 4 for 5'er that ranks in the top third of the chemicals sector matrix. From here, initial support lies at $144, while overhead resistance can be found at $172, MTRN's all-time high. |
| NVDA NVIDIA Corporation ($196.92) - Semiconductors - NVDA pushed higher ahead of its earnings release to break a double top at $194 before reaching $196 intraday. This moves the stock back to a positive trend and promotes it to a 3 for 5 TA rating. The weight of the technical evidence is still mixed, as the stock is in a defined range between the upper $190s and the lower $170s. |
| ORLY O'Reilly Automotive, Inc. ($91.31) - Autos and Parts - ORLY broke a triple bottom at $91 for a second sell signal since the beginning of February. The stock continues to maintain a 3 technical attribute rating, but now ranks within the bottom half of the Autos and Parts sector matrix. From here, the next level of support lies at $90, while the bullish support line resides at $87. |
