Comments include: AAPL, B, GIL, META, & SPHR.
| AAPL Apple Inc. ($250.29) - Computers - Shares of AAPL broke a double bottom at $252 for its first sell signal since April of last year, completing a bearish triangle in the process. That said, AAPL remains a solid 5 for 5'er given its relative strength and positive trend. The weight of the evidence for the stock continues to be positive despite the recent dip. Those with exposure should continue to hold until it sees further downside, such as movement into a negative trend. Initial support lies at $244 then $228, with the bullish support line at $224. |
| B Barrick Mining Corporation ($42.32) - Precious Metals - B fell to a sell signal Friday when it broke a triple bottom at $43, where it now sits against prior support. The outlook for the stock remains favorable as B is a 4 for 5'er that ranks near the middle of the precious metals sector matrix. However, beyond the current support at $43, B show's no further support on its default chart until $31. |
| GIL Gildan Activewear ($58.77) - Textiles/Apparel - GIL broke a double bottom at $59 to complete a bearish catapult and bring the stock down to test the bullish support line. The stock remains a 5 for 5'er and ranks within the top quintile of the Textiles/Apparel sector matrix. From here, support lies at $58, the bullish support line, which would be violated with a move below $57. Additional support lies at in the mid to lower $50s. |
| META Meta Platform Inc. ($612.47) - Internet - Break to the downside for META today, as the four for fiver broke a quadruple bottom with intraday action. The name is still technically acceptable, although the break to the downside is certainly worth watching closely. From here, the next level of support is found at the bullish support line at $608. To the upside, there are several layers of resistance between $656 and $744. |
| SPHR Sphere Entertainment Co. ($105.13) - Leisure - SPHR broke a double bottom at $108 for a second sell signal since peaking at $120 as shares fell to $106. The stock remains a 5 for 5'er and ranks 2nd out of 64 within the Leisure sector matrix. From here, prior resistance at $100 may be seen as near-term support, while additional support can be found in the upper $80s. |
