Comments include: AMD, CL, GLXY, JBL, LNT, & TWLO.
| AMD Advanced Micro Devices, Inc. ($360.26) - Semiconductors - AMD moved higher Friday to break a double top at $356 before reaching $360 intraday. This 4 for 5'er moved to a positive trend in March and sits in the top third of the favored semiconductors sector RS matrix. The technical picture is positive and improving, however, AMD is now in a heavily overbought position. Those looking to initiate new exposure may want to wait for a pullback or normalization in the trading band. Initial support can be seen at $312. |
| CL Colgate-Palmolive Company ($86.97) - Household Goods - Shares of CL broke a double top at $87, ending its streak of 3 consecutive sell signals. However, the 2 for 5'er moved into a negative trend last month, bringing it down to sell territory. Those with positions could look to sell on the rally here. Initial resistance lies at $91 then $99, with the bearish resistance line also at $94. |
| GLXY Galaxy Digital Inc. Class A ($28.33) - Software - GLXY rose Friday to break a double top at $29, marking a second consecutive buy signal. This 5 for 5'er moved to a positive trend and gave an RS buy signal against the market in April. The stock also sits in the top decile of the favored software sector RS matrix. The weight of the technical evidence is favorable and continues to improve. Initial support can be seen at $24 with further support not seen until $16.50. |
| JBL Jabil Circuit, Inc. ($341.70) - Electronics - JBL pushed higher Friday to break a double top at $348, marking a third consecutive buy signal and a new all-time high. This 5 for 5'er moved to a positive trend in May 2025 and sits in the top quartile of the favored electronics sector RS matrix. The weight of the technical evidence is favorable and continues to improve. However, JBL is now in an overbought position, so those looking to add exposure may be best served waiting for a pullback or normalization in the trading band. Initial support is seen at $328 with further support seen at $296. |
| LNT Alliant Energy Corporation ($74.22) - Utilities/Electricity - LNT broke a double top at $75 for a third buy signal and to mark a new all-time chart high. The stock has been a 3 for 5'er since February and currently ranks within the top third of the Electric Utilities sector matrix. Okay to consider here on the breakout or on a pullback to the lower $70s. Initial support lies at $71, while additional can be found in the upper $60s. |
| TWLO Twilio Inc ($180.73) - Internet - TWLO advanced Friday after the company's earnings release, breaking a double top at $156 before rising over 22% intraday to a new multi-year high at $180. This 5 for 5'er moved to a positive trend in April and has maintained an RS buy signal against the market since 2024. The weight of the technical evidence is decidedly positive, however, TWLO is heavily overbought. Initial support can be seen at $140 with further support seen at $118. |
