Comments include: AEM, AU, BLK, CASY, GM, HPE, MTRN, NEM, SCCO, & SPHR.
| AEM Agnico-Eagle Mines Ltd. ($191.39) - Precious Metals - AEM returned to a buy signal Wednesday after giving two consecutive sell signals and successfully testing its bullish support line. Wednesday's move adds additional evidence to a modestly positive technical picture as AEM is a 3 for 5'er that ranks in the top half of the precious metals sector matrix. |
| AU AngloGold Ashanti Limited (South Africa) ADR ($89.67) - Precious Metals - AU gave a initial buy signal Wednesday after giving two consecutive sell signals and falling more than 30% from the high it reached last month. The weight of the evidence for AU is modestly positive as the stock is a 3 for 5'er that ranks in the top third of the precious metals sector matrix. From here, the first level of support sits at $83, meanwhile overhead resistance sits at $110. |
| BLK BlackRock, Inc. ($980.59) - Wall Street - BLK shares moved higher today to break a double top at $992 to mark its first buy signal. This 3 for 5'er has been in a negative trend since March but on an RS buy signal versus the market since October 2020. BLK shares are trading below the middle of their ten-week trading band with a weekly overbought/oversold reading of -49%. From here, support is offered at $928. |
| CASY Casey's General Stores Inc ($717.47) - Retailing - CASY broke a double top at $696 to return to a buy signal as shares rallied to a new all-time chart high at $712. The stock has been a 5 for 5'er since November 2025 and currently ranks within the top decile of the Retailing sector matrix. Okay to consider here on the breakout or on a pullback to the upper $600 range. Initial support lies at $656, while additional may be found at $632 and $608. |
| GM General Motors ($76.98) - Autos and Parts - GM broke a double top at $78 to end a series of four sell signals that began in February. The stock is a 5 for 5'er that ranks within the top quartile of the Autos and Parts sector matrix. Okay to consider here on the breakout. Note resistance in the lower to mid $80s. Initial support lies in the lower $70s, while additional can be found in the upper $60s. |
| HPE Hewlett Packard Enterprise Company ($26.19) - Computers - HPE rose Wednesday to break a double top at $25 before rising over 9% intraday to $26. This 3 for 5'er has been in a positive trend since last June and sits in the top third of the computers sector RS matrix. While the technical picture is still mixed, the stock is showing notable near-term improvement. However, HPE is now in overbought territory and at resistance. New longs may want to wait for a pullback or normalization in the trading band. Initial support can be seen at $20. |
| MTRN Materion Corp. ($147.47) - Chemicals - After giving four consecutive sell signals MTRN returned to a buy signal Wednesday when it broke a double top at $144. Wednesday's move adds evidence to favorable overall technical picture as MTRN is a 4 for 5'er and ranks near the middle of the chemicals sector matrix. From here, support sits at $136 while the next level of overhead resistance sits at $150. |
| NEM Newmont Corp ($101.51) - Precious Metals - NEM returned to a buy signal Wednesday amid a broad rally in precious metals stocks when it broke a double top at $102. The outlook for the stock remains negative, however, as NEM is a 1 for 5'er . Wednesday's move establishes support at $96, while overhead resistance can be found at $120, where NEM's bearish resistance line also sits. |
| SCCO Southern Copper Corporation ($165.25) - Metals Non Ferrous - After giving four consecutive sell signals, SCCO returned to a buy signal Wednesday when it broke a double top at $165. The return to a buy signal adds to a modestly positive technical outlook as SCCO is a 3 for 5'er. From here, overhead resistance sits at $178, while support can now be found at $154. |
| SPHR Sphere Entertainment Co. ($116.55) - Leisure - SPHR broke a double top at $116 to return to a buy signal. The stock is a 5 for 5'er that ranks as the top stock within the Leisure sector matrix. Okay to consider here on the breakout. Note the stock's all-time chart high at $120. Initial support lies at $106, while prior resistance around the $100 level may be seen as additional support. |
