Comments include: BURL, CF, GEV, MAR, PLTR, & WFRD.
| BURL Burlington Stores, Inc. ($319.05) - Retailing - BURL broke a triple top at $316 to return to a buy signal and shift the trend back to positive as shares rallied to $324. The move penetrates the bearish resistance line, which will flip the trend back to a positive and increase the stock to a 5 for 5'er. Okay to consider here on the breakout. Note the February rally high at $332. Initial support lies at $300, while additional can be found in the $288 to $292 range. |
| CF CF Industries Holdings, Inc. ($120.15) - Chemicals - After giving nine consecutive buy signals, CF fell to a sell signal Monday when it broke a double bottom at $120. The outlook for the stock remains favorable, however, as CF is a 5 for 5'er that ranks in the top decile of the chemicals sector matrix. From here, the next level of support on CF's chart sits at $108. |
| GEV GE Vernova Inc. ($893.76) - Utilities/Electricity - GEV broke a spread quadruple top at $396 for a second buy signal as shares rallied to $912, marking a new all-time chart high. The stock is a 5 for 5'er that ranks 2nd (out of 54) in the Electric Utilities sector matrix. Okay to consider here on the breakout or on a pullback to the mid $800 range. Initial support lies at $832, while additional can be found at $784. |
| MAR Marriott International, Inc. ($329.18) - Leisure - MAR broke a double top to return to a buy signal after a recent test of the bullish support line. The stock is a 5 for 5'er that ranks within the top quartile of the Leisure sector matrix. Okay to consider here on the breakout. Initial support lies at $316, the bullish support line, while additional can be found at $312. |
| PLTR Palantir Technologies Inc. Class A ($160.52) - Software - PLTR rose Monday to break a double top at $158, marking a third consecutive buy signal. This also moved the stock back to a positive trend, promoting it to a 4 for 5 TA rating. The weight of the technical evidence is favorable and improving again. Note that the stock is at resistance from earlier this month. Further resistance could be seen at $164 and $172. Initial support is seen at $150. |
| WFRD Weatherford International Plc ($91.12) - Oil Service - After giving three consecutive sell signals, WFRD gave an initial buy signal Monday when it broke a triple top at $90. The outlook for the stock remains unfavorable, however, as WFRD is a 2 for 5'er that ranks in the bottom third of the oil service sector matrix. From here, the first level of support sits at $86 while overhead resistance sits at $94. |
