Comments include: NVDA, ROL, STX, & WDC.
| NVDA NVIDIA Corporation ($182.62) - Semiconductors - NVDA rose Monday to break a double top at $188, marking a second consecutive buy signal and returning the stock to a positive trend. This promotes the stock to a 3 for 5 TA rating. The technical picture is still mixed, as it sits in the bottom half of the favored semiconductors sector matrix and is on a sell signal on its peer RS chart. Initial support can be seen at $180 and $176, with strong support at $170. Overhead resistance is seen initially at $196. |
| ROL Rollins, Inc. ($55.00) - Business Products - For the first time in more than two decades, shares of ROL moved to a negative trend after completing a bearish catapult at $55. The now 4 for 5'er still holds market and peer relative strength for the time being, so it's more of a buy than anything. However, those with exposure should watch for further deterioration. From here, support starts at $54 then $50. |
| STX Seagate Technology ($401.13) - Computers - STX rose Monday to break a double top at $400 before reaching $408 intraday. This 4 for 5'er moved to a positive trend in April 2025 and has been on an RS buy signal against the market since 2023. The stock also sits in the top half of the computers sector RS matrix. The weight of the technical evidence is favorable and improving again. Initial support can be seen at $372 and $344. Overhead resistance may be seen between $424 and $456. |
| WDC Western Digital Corporation ($285.08) - Computers - WDC pushed higher Monday to break a double top at $284 before reaching $288 intraday. This 5 for 5'er moved to a positive trend last May and has maintained an RS buy signal against the market since 2023. The stock also sits in the top third of the computers sector RS matrix. The weight of the technical evidence is favorable and improving. Initial support can be seen at $260 and $240. Further overhead resistance may be seen at $296 and the all-time highs at $308. |
