Comments include: ANF, BKR, CF, HAS, IBM, KLAC, RCL, & WHD.
| ANF Abercrombie & Fitch Co. ($90.10) - Retailing - ANF broke a double bottom at $92 to end a series of buy signals that began in March as shares fell to $90. The move violates the bullish support line, which will shift the trend to negative and drop the stock down to a 3 for 5'er. From here, support now lies in the $86 to $87 range, while additional can be found at $82, the March 2026 chart lows. |
| BKR Baker Hughes Company ($64.24) - Oil Service - BKR returned to a buy signal Thursday when it broke a triple top at $65. Thursday's move adds to an already strong technical picture as BKR is a 5 for 5'er that ranks in the top half of the oil service sector matrix. From here, the next level of overhead resistance sits at $67, BKR's all-time high. Meanwhile, support can be found at $59. |
| CF CF Industries Holdings, Inc. ($125.59) - Chemicals - After giving two sell signals and successfully testing its bullish support line, CF returned to a buy signal Thursday when it broke a double top at $126, where it now sits against resistance. Thursday's move adds to a modestly positive technical picture as CF is a 3 for 5'er and ranks in the top half of its sector matrix. From here, the first level of support sits at $110. |
| HAS Hasbro, Inc. ($96.90) - Leisure - HAS broke a spread quadruple top at $99 to return to a buy signal and clear resistance dating back to early March. The stock is a 5 for 5'er that ranks within the top third of the Leisure sector matrix and is accompanied by a yield north of 3%. Okay to consider here on the breakout or on a pullback to the mid $90s. Note the stock's February rally high at $106. Initial support can be found at $88, the bullish support line, while additional resides at $85. |
| IBM International Business Machines Corp. ($231.84) - Computers - IBM declined Thursday after the company's earnings release, leading the stock to break a double bottom at $228 before to $224 intraday. This 1 for 5'er moved to a negative trend in February and sits in the bottom quartile of the computers sector RS matrix. The weight of the technical evidence is weak and deteriorating. The stock is at support form February, with further support potentially seen at $216. Overhead resistance is seen at $256. |
| KLAC KLA Corp ($1,809.35) - Semiconductors - KLAC rose Thursday to break a double top at $1824, marking a second consecutive buy signal and new all-time high. This 4 for 5'er moved to a positive trend in April 2025 and has maintained an RS buy signal against the market since 2011. The weight of the technical evidence is favorable and improving. However, KLAC is in overbought territory. Initial support can be seen at $1696 with further support not seen until $1456. Note that earnings are expected on 4/29. |
| RCL Royal Caribbean Cruises Ltd. ($261.18) - Leisure - RCL broke a double bottom at $264 to return to a sell signal as shares fell to $260, violating near-term support and testing the March 2026 chart low. The stock has fallen to a 2 for 5'er during April after moving into a negative trend on the trend chart and reversing into a column of Os on the peer RS chart. Beyond current support additional can be found at $248. |
| WHD Cactus, Inc. Class A ($55.19) - Oil Service - WHD returned to a buy signal Thursday when it broke a double top at $56. The outlook for the stock remains negative, however, as WHD is a 2 for 5'er that ranks in the bottom quartile of the oil service sector matrix. From here, overhead resistance sits at $59 while support can be found at $45. |
