Comments include: ADM, CASY, CEG, ORCL, PM, & SYK.
| ADM Archer-Daniels-Midland Company ($70.55) - Food Beverages/Soap - Shares of ADM broke a triple top at $71 for its third consecutive buy signal. ADM has continued to improve over the last several months, moving up to a 3 for 5'er in August after regaining near-term relative strength and moving to a positive trend. That said, it continues to lack long-term relative strength, keeping it in hold territory for the time being. From here, initial resistance lies at $74 then $77. |
| CASY Casey's General Stores Inc ($682.83) - Retailing - CASY broke a double top at $696 for a third buy signal as shares marked a new all-time chart high. The stock has been a 5 for 5'er since November 2025 and currently ranks within the top quintile of the Retailing sector matrix. Okay to consider here on the breakout or on a pullback to the $650 to $680 range. Initial support lies at $632, while additional can be found at $536 and $504, the bullish support line. |
| CEG Constellation Energy Corporation ($299.98) - Utilities/Electricity - CEG broke a quadruple bottom at $308 to return to a sell signal as shares fell to $300. This breakdown follows the stock rally to test and failing to penetrate the bearish resistance line in the $320 range. While the stock maintains a 3 TA rating, much of that is due to the abrupt rally off the February lows and comes from near-term peer and market relative strength. Additional downside could negate those recent reversal on the RS charts and drop the stock to potentially as low as a 1 for 5'er. From here, support lies at $292, while the February 2026 chart low sits at $244. |
| NRG NRG Energy, Inc. ($148.13) - Utilities/Electricity - NRG broke a double bottom at $148 for a third sell signal since peaking at $188 in February. This action follows the stock moving into a negative trend early this week, which dropped NRG down to a 2 for 5'er trading in a negative trend. Support now lies at $142, the 2026 chart lows and support level that dates all the way back to Septmeber of last year. |
| ORCL Oracle Corporation ($162.07) - Software - Shares of ORCL broke a double top at $160 on Wednesday after releasing stronger than anticipated earnings. Despite its movement today, the stock continues to be a weak 1 for 5'er, remaining a name too avoid for the time being until it sees technical improvement. From here, resistance lies at $170 and $184 with the bearish resistance line at $190. |
| PM Philip Morris International Inc. ($166.98) - Food Beverages/Soap - Shares of PM broke a double bottom at $166 for its second consecutive sell signal. That said, PM is still trading above its bullish support line, remaining a solid 4 for 5'er while trading in a positive trend. However, further deterioration, such as movement below its bullish support line at $162, would be signs of weakness to watch for going forward. |
| SYK Stryker Corporation ($347.86) - Healthcare - SYK inched lower to complete a double bottom break at $352. The 2 for 5'er moved down from a 3 with its latest move after reversing back into a negative trend. Additionally, the stock ranks in the bottom half of the healthcare sector matrix. A sell can be considered here. Initial resistance can be seen at $388. |
