Comments include: ABT, AMR, GE, RGLD, & WSM.
| ABT Abbott Laboratories ($92.80) - Healthcare - ABT reversed lower to complete a double bottom break at $93, marking its fifth consecutive sell signal. The 1 for 5'er ranks near the bottom of the healthcare sector matrix. The weekly OBOS indicates that the stock is in oversold territory, so wait for the 10-week trading band to normalize before selling your position. Initial resistance is at $97, with additional resistance at $116. |
| AMR Alpha Metallurgical Resources Inc. ($208.55) - Oil - AMR moved to a buy signal and a positive trend Tuesday when it broke a double top at $200. The outlook for the stock remains negative, however, as even with the positive trend change AMR is an unfavorable 1 for 5'er. AMR now sits against resistance at $208, meanwhile, support can be found at $182. |
| GE GE Aerospace ($289.31) - Aerospace Airline - GE slipped at much as 5% on the day following its earnings report. Despite this, the stock does remain a technically acceptable option- bolstered largely by its relative strength against the broader market. From an absolute perspective, the 4/5'er now sits within earshot of several layers of support from $272-$280, so those of you looking to swing trade might be interested in looking for a retracement back towards the middle of the trading band up to $320. Do keep in mind that there is several layers of resistance between here and all time highs back from early 2026... so watch closely for longer-term deterioration. |
| RGLD Royal Gold Inc ($252.91) - Precious Metals - RGLD fell to a sell signal Tuesday when it broke a double bottom at $260 and continued lower to $256. Tuesday's move adds to an already negative technical picture as RGLD is an unfavorable 2 for 5'er. RGLD now sits against support at $256; beyond this, the next level of potential support is the stock's bullish support line at $244. |
| WSM Williams-Sonoma, Inc. ($203.74) - Retailing - WSM broke a double top at $208 for a fifth buy signal since the middle of March. This brings the chart to levels not seen since February and places the stock within a few boxes of the stock's all-time chart high at $220. The stock improved to a 4 for 5'er after shifting the trend back to positive earlier in April. Okay to consider here on the breakout or on a pullback to the upper $190s. Initial support lies at $196, while additional can be found at $190 and $186. |
