Comments include: AA, CMCSA, CRC, DVN, MA, NCLH, SBUX, STX, V, & WELL.
| AA Alcoa Inc. ($62.45) - Metals Non Ferrous - AA gave a second consecutive sell signal and fell to a negative trend Thursday When it broke a double bottom at $63, The negative trend change will drop AA to an unfavorable 2 for 5'er. From here, the next level of support sits at $56, a level from which AA has reversed up on five prior occasions since January. |
| CMCSA Comcast Corporation ($26.76) - Telephone - Another bad break for CMCSA as it now posts its fourth consecutive sell signal since the start of 2025. The technical picture continues to worsen- a trip back to 2026 lows is certainly not out of the question. From there, the bottom of the trading band ($25) would erase all gains established since mid-2015. Avoid for now. |
| CRC California Resources Corporation ($67.98) - Oil - After giving two consecutive sell signals, CRC returned to a buy signal Thursday with a double top break $67. Thursday's move adds evidence to an already positive outlook as CRC is a 4 for 5'er and ranks 22nd of 60 names in the oil sector matrix. From here, support can be found at $62. |
| DVN Devon Energy Corporation ($51.18) - Oil - DVN returned to a buy signal Thursday when it broke a double top at $50. Thursday's move adds to an already positive technical outlook as DVN is a 4 for 5'er that ranks in the top third of the oil sector matrix. From here, overhead resistance sits at $52, while support can be found at $42. |
| MA Mastercard Incorporated Class A ($529.06) - Finance - MA shares moved higher today to break a triple top at $528 to mark its first buy signal. This 2 for 5'er is one box away from moving back to a positive trend and has been on an RS buy signal versus the market since August 2011. MA shares are trading in normalized territory with a weekly overbought/oversold reading of 0%. From here, support is offered at $496 and $488. |
| NCLH Norwegian Cruise Line Holdings Ltd. ($17.83) - Leisure - NCLH broke a double bottom at $17.50 to return to a sell signal and bring shares down long-term support. Following action on 4/28, the market RS chart gave an RS sell signal, dropping the stock down to a 0 for 5'er. Beyond current support in the $17 range, additional can be found at $15.50 and $14.50. |
| SBUX Starbucks Corporation ($106.14) - Restaurants - SBUX broke a triple top at $102 for a second buy signal as shares rallied to $106, marking the highest chart level since early 2025. The stock improved to a 3 for 5'er in recent weeks following a positive trend change, and the stock has improved into the top quintile of the Restaurants sector matrix. Okay to consider here on the breakout or on a pullback to $100 on the chart. Initial support lies at $97, while the bullish support line resides at $90. |
| STX Seagate Technology ($637.68) - Computers - STX jumped higher Wednesday after the company's earnings report to break a double top at $608 before reaching $696 intraday. This 5 for 5'er moved to a positive trend in April 2025 and has been on an RS buy signal against the market since 2023. The weight of the technical evidence continues to be positive, however, STX is in a heavily overbought position. Initial support is seen at $560 with further support seen at $504. |
| V Visa Inc. ($336.26) - Finance - V shares moved higher today returning to a buy signal and a positive trend following earnings. This 3 for 5'er has been on an RS buy signal against the market since November 2012. V shares are now trading in heavily overbought territory at the top of their ten-week trading band. From here, support is offered at $296. |
| WELL Welltower Inc. ($212.32) - Real Estate - Shares of WELL broke a triple top at $216, setting new all-time highs while moving back to a buy signal. The 5 for 5'er has been trading in a positive trend for over a year and continues to be one of the strongest a names in the real estate sector. Those looking to buy could do so here given that it trades in actionable territory near the middle of it ten week trading band. Initial support lies at $200 then $194, with longer-term support found at $182. |
