CTAS, FORM, PFGC, SAP, & V.
| CTAS Cintas Corporation ($189.07) - Textiles/Apparel - CTAS broke a double bottom at $190 for a second sell signal and to violate the bullish support line. This trend change will drop the stock down to a 2 for 5'er trading in a negative trend. From here, initial support lies at $188, while additional can be found in the lower $180s. |
| FORM FormFactor Inc. ($96.18) - Semiconductors - FORM pushed higher Wednesday to break a triple top at $95 before reaching $98 intraday. This 5 for 5'er moved to a positive trend in 2025 and sits in the top decile of the favored semiconductors sector RS matrix. The weight of the technical evidence is favorable and improving once again. Initial support is seen at $90 with further support at $87 and $82. Overhead resistance may be seen at $99 and $104. |
| PFGC Performance Food Group Co Formerly ($84.65) - Food Beverages/Soap - Shares of PFGC broke a double bottom at $85 for its second consecutive sell signal. The 2 for 5'er has weakened recently, moving to a negative trend earlier this month, taking it down into sell territory. Those with exposure could look to cut the name loose given its deterioration. From here, support lies closely below at $84 then $83. |
| SAP SAP AG (Germany) ADR ($183.74) - Software - SAP fell Wednesday, breaking a double bottom at $186 before falling to $184 intraday. This marks the second consecutive sell signal for the 2 for 5'er that moved back to a negative trend earlier this month. The weight of the technical evidence is weak and deteriorating. Avoid long exposure further support may be seen at $182 from 2024. Overhead resistance may be seen initially at $200. |
| V Visa Inc. ($299.68) - Finance - V shares moved lower today to break a double bottom at $300 to mark its third consecutive sell signal. This 3 for 5'er has been in a negative trend since January but on an RS buy signal versus the market since November 2012. V shares are trading below the middle of their ten-week trading band with a weekly overbought/oversold reading of -50%. From here, support is offered at $300. |
