Comments include: AEM, AGI, ALGT, ALK, AVGO, CMC, CRS, CTAS, IE, UAL, & VSCO.
| AEM Agnico-Eagle Mines Ltd. ($217.80) - Precious Metals - AEM gave an initial sell signal Thursday when it broke a double bottom at $224. The outlook for the stock remains favorable, however, as AEM is a 4 for 5'er that ranks in the top half of the precious metals sector matrix. From here, the next level of support sits at $190. |
| AGI Alamos Gold Inc ($48.88) - Precious Metals - AGI gave an initial sell signal Thursday when it broke a double bottom at $49. The outlook for the stock remains decidedly positive as AGI is a 5 for 5'er that ranks in the top half of the precious metals sector matrix. From here, the next level of support is AGI's trend line at $45. |
| ALGT Allegiant Travel Company ($83.73) - Aerospace Airline - ALGT broke a double bottom at $90 for a third sell signal as shares fell to $83. The move violates multiple levels of support, as well as the bullish support line, and brings the chart down to levels not seen since December last year. Along with the trendline violation, ALGT will reverse into a column of Os on its peer RS chart, dropping the stock down to a 1 for 5'er. From here, support now lies at $81, while additional can be found at $74. |
| ALK Alaska Air Group Inc ($43.79) - Aerospace Airline - ALK broke a spread triple bottom at $46 for a third sell signal as shares fell down to $44. The move violates the bullish support line, which along with the market and peer RS charts reversing into Os earlier in the week, will drop the stock down to a 0 for 5'er. From here, support on the chart now lies at $38, the November 2025 chart lows. |
| AVGO Broadcom Ltd ($328.68) - Semiconductors - AVGO pushed higher after the company's earnings release, breaking a double top at $324 before rising to $336 intraday. This also moved the stock back to a positive trend, promoting it to a 3 for 5 TA rating. The weight of the technical evidence is mixed but improving. Initial support can be seen at $308 with further support at $296. Further overhead resistance may be seen at $340 and $352. |
| CMC Commercial Metals Corporation ($68.31) - Steel/Iron - CMC gave a third consecutive sell signal and fell to a negative trend Thursday when it broke a double bottom at $69. The negative trend change will drop the stock to a still acceptable 3 for 5'er. However, from here, CMC shows no additional support on its chart until $58. |
| CRS Carpenter Technology Corporation ($393.82) - Steel/Iron - After giving five consecutive buy signals CRS fell to a sell signal Thursday when it broke a double bottom at $384. The outlook for the stock remains favorable as CRS is a 5 for 5'er that ranks in the top quartile of the steel/iron sector matrix. From here, the next level of support sits at $380. |
| CTAS Cintas Corporation ($205.69) - Textiles/Apparel - CTAS broke a double top at $204 for a third buy signal as shares rallied to $208. The stock has been a 3 for 5'er since October last year and the breakout brings the trend chart up to levels not seen since August last year. Okay to consider here on the breakout or on a pullback to the upper $190s. Initial support lies at $194, while additional can be found at $190, the bullish support line, and in the $180 range. |
| IE Ivanhoe Electric Inc. ($13.86) - Metals Non Ferrous - IE gave a fourth consecutive buy signal and fell to a negative trend Thursday when it broke a triple bottom at $14.50. The negative trend change will demote IE to an unfavorable 2 for 5'er. The stock now sits against support at $14, meanwhile, overhead resistance can be found at $16.50. |
| UAL United Airlines Holdings Inc. ($95.39) - Aerospace Airline - UAL reversed into Os and broke a double bottom at $97 to complete a bearish catapult as shares fell to $93. The break follows a trendline violation earlier in the week, which along with a market RS chart reversal to Os and peer RS sell signal, will drop the stock down to a 1 for 5'er. From here, support now lies at $89, the November 2025 chart lows. |
| VSCO Victoria's Secret & Company ($50.10) - Retailing - VSCO reversed into Os and broke a double bottom at $56 for a second sell signal as shares fell to $50. The move violates mulitple levels of support and brings the chart down to levels not seen since December last year. The breakdown will cause the market and peer RS charts to reverse into a column of Os, dropping the stock down to a 3 for 5'er. From here, support on the default chart lies at $44, the bullish support line. |
