Comments include: ANF, BIIB, BK, LSCC, MAR, & STX.
| ANF Abercrombie & Fitch Co. ($96.30) - Retailing - ANF reversed into Xs and broke a double top at $95 for a third buy signal since the middle of March. This action follows the stock shifting back into a positive trend and increasing to a 3 for 5'er. Note resistance in the $100 range. Initial support lies at $91, while additional can be found in the upper to mid $80s. |
| BIIB Biogen Inc. ($171.74) - Biomedics/Genetics - BIIB inched lower to complete a double bottom break at $170, marking its second consecutive sell signal. The 2 for 5'er moved down from a 3 last month after reversing back into a negative trend. A sell can be considered here, given the normalization of the 10-week trading band. Initial resistance can be seen at $186, with additional strong resistance between $190-$192. |
| BK Bank of New York Mellon Corporation ($123.31) - Banks - BK shares returned to a buy signal after breaking a double top at $124. This 5 for 5'er has been in a positive trend since November 2023 and on an RS buy signal versus the market since September 2024. BK shares are trading in actionable territory with a weekly overbought/oversold reading of 19%. From here, support is offered at $112. |
| LSCC Lattice Semiconductor Corp ($95.53) - Semiconductors - LSCC rose Monday to break a double top at $98. This also moved the stock back to a positive trend, promoting it to a 4 for 5'er. The weight of the technical evidence is mixed but improving. Initial support is seen at $92 with further support at $87 and $85. Overhead resistance may be seen at $100. |
| MAR Marriott International, Inc. ($337.83) - Leisure - MAR broke a double top at $336 for a second buy signal. This follows another test and hold of the bullish support line, placing another higher bottom at $320 in the process. The stock has been a 5 for 5'er since May of 2025 and currently ranks within the top quintile of the Leisure sector matrix. Okay to consider here on the breakout. Note the stock's all-time chart high at $368. Notable support lies in the $312 to $320 range, while additional can be found at $284. |
| STX Seagate Technology ($453.65) - Computers - STX rose Monday to break a triple top at $432 before reaching a new all-time high at $464 intraday. This 5 for 5'er moved to a positive trend in April of last year and sits in the top third of the favored computers sector RS matrix. Weekly momentum also just flipped positive, suggesting the potential for further upside from here. The weight of the technical evidence is positive and improving. Initial support can be seen at $400 with further support at $352. |
