Comments include: CG, EBAY, H, MSFT, NFLX, WDC, WSM, & XOM.
| CG The Carlyle Group LP ($51.01) - Wall Street - CG shares moved higher today to break a double top at $51 to mark its second consecutive buy signal and the completion of a bullish catapult. This 2 for 5'er has been in a negative trend since February but on an RS buy signal versus the market since December 2023. CG shares are trading near the middle of their ten-week trading band. From here, support is offered at $47 and $46. |
| EBAY eBay Inc. ($100.56) - Retailing - EBAY broke a double top at $99 for a second buy signal as shares rallied to match the all-time chart highs at $100. The stock shifted back up to a 5 for 5'er after seeing the market RS chart shift back into a column of Xs during last week's trading. Okay to consider here on the breakout or on a pullback to the upper $90s. Initial support lies at $95, while the bullish support line sits at $89. |
| H Hyatt Hotels Corp. ($163.99) - Leisure - H broke a double top at $162 for a second buy signal in April. The stock moved up to a 5 for 5'er after shifting the trend back to positive during last week's trading, and H currently ranks within the top half of the Leisure sector matrix. Okay to consider here on the breakout. Note reistance in the lower $170s and the stock's all-time chart high at $180. Initial support lies at $150, while the bullish support line sits at $142. |
| MSFT Microsoft Corporation ($392.67) - Software - MSFT rose Tuesday to break a double top at $388 before reaching $392 intraday. This stock still has a 2 for 5 TA rating and sits in a clearly defined negative trend. However, MSFT has now ended a streak of four consecutive sell signals with this upside action. The technical picture remains weak but is showing near-term improvement. Initial support can be seen at $368 with further support seen at $360. Further overhead resistance is seen at $408 and $416. Note that earnings are expected on 4/29. |
| NFLX NetFlix Inc. ($106.07) - Media - NFLX has been slowly creeping back up towards all-time highs after withdrawing its bid for Warner Bros. The now 5/5'er has posted a string of three consecutive buy signal on its default chart, leaving support around $98 just below current levels. The stock has picked up substantial relative strength over the last few months after declining to increase its bid to keep up with (PARA)... and while overbought could be a name to add to on pullbacks for those looking for more risk within their portfolio. |
| WDC Western Digital Corporation ($365.32) - Computers - WDC rose Tuesday to break a double top at $352 before notching a new all-time high at $364 intraday. This 5 for 5'er moved to a positive trend in May 2025 and has maintained a positive trend since 2023. The stock also sits in the top decile of the computers sector RS matrix. The weight of the technical evidence is favorable and continues to improve. However, note that WDC is nearing overbought territory. Initial support can be seen at $332 with further support not seen until $280. Note that earnings are expected on 4/30. |
| WSM Williams-Sonoma, Inc. ($193.53) - Retailing - WSM broke a double top at $196 to complete a bullish catapult. The stock shifted up to a 4 for 5'er after seeing the trend chart flip back to positive. Okay to consider here on the breakout. Note resistance at $200 and $220, the February all-time chart highs. Initial support lies at $186, while the bullish support line resides at $182. |
| XOM Exxon Mobil Corporation ($149.10) - Oil - XOM gave a second consecutive sell signal Tuesday when it broke a double bottom at $150 and continued lower to $148 where it now sits against support. The outlook for XOM remains positive as it is a 5 for 5'er that ranks in the top half of the oil sector matrix. However, below $146 XOM shows no further support on its chart until $112. |
