Comments include: CRWV, NU, PANW, SNDK, TSM, UAL, VTR, & WMT.
| CRWV CoreWeave, Inc. Class A ($123.38) - Computers - CRWV rose Wednesday to break a double top at $124, notching a second consecutive buy signal. This 5 for 5'er moved to a positive trend earlier this month and has maintained an RS buy signal against the market since January. The weight of the evidence for this volatile stock is positive, however, it is entering overbought territory. Initial support is seen at $112. Overhead resistance may be seen at $138. Note that earnings are expected on 5/7. |
| MU Micron Technology, Inc. ($487.48) - Semiconductors - MU moved higher Wednesday to break a spread quadruple top at $472, notching a fourth consecutive buy signal and a new all-time high. This 4 for 5'er moved to a positive trend in May 2025 and has been on an RS buy signal against the market since last June. The weight of the technical evidence is favorable and continues to improve. Initial support can be seen at $440 with further support seen at $368. |
| PANW Palo Alto Networks Inc ($181.20) - Software - PANW rose Wednesday to break a spread triple top at $180. This 4 for 5'er moved to a positive trend in March and sits in the top third of the favored software sector RS matrix. The weight of the technical evidence is now favorable again and improving. Initial support can be seen at $152 with further seen at $144 and $140. Note that overhead resistance may be seen at $188. Earnings are expected on 5/20. |
| SNDK SanDisk Corp ($975.07) - Computers - SNDK rose Wednesday to break a double top at $976, marking a third consecutive buy signal and a new all-time high. This 5 for 5'er moved to a positive trend in June 2025 and just reversed back up into Xs against the market earlier this month. The weight of the evidence is favorable and improving. However, SNDK is entering overbought territory. Initial support is seen at $880 with further support not seen until $688. Note that earnings are expected on 4/30. |
| TSM Taiwan Semiconductor Manufacturing Co. (Taiwan) ADR ($387.44) - Semiconductors - TSM advanced Wednesday to break a double top at $384, marking a second consecutive buy signal. This 4 for 5'er moved to a positive trend last May and has maintained an RS buy signal against the market since 2024. The weight of the technical evidence is positive. Weekly momentum also recently flipped positive, suggesting the potential for further upside. Initial support can be seen at $364 with further support seen at $328. Note that overhead resistance may be seen at the all-time highs at $388. |
| UAL United Airlines Holdings Inc. ($90.86) - Aerospace Airline - UAL broke a quadruple bottom at $93 to return to a sell signal as shares fell to $91. The move violates the bullish support line, which will drop the stock down to a 1 for 5'er and end a brief stint in a positive trend. Support for UAL now lies at $89 and $85, the March near-term lows. |
| VTR Ventas, Inc. ($79.96) - Real Estate - Share of VTR broke a double bottom at $80 for its second consecutive sell signal. The 5 for 5'er has traded in a positive trend since 2023 and has displayed long-term market relative strength since 2024. Despite recent pullback, the stock remains a solid buy, but those with positions should watch for further deterioration, such as a violation of the trendline at $69. Additionally support for the fund also lies at $74. |
| WMT Walmart Inc. ($129.41) - Retailing - WMT broke a double top at $130 to return to a buy signal. The stock has been a 5 for 5'er since February this year and currently ranks within the top quartile of the Retailing sector matrix. Okay to consider here on the breakout or on a pullback to the mid $120s. Note the stock's all-time chart high lies at $134. Initial support lies at $120, while additional lies at $110. |
