Comments include: AVGO, CHD, CRWD, LRCX, MRVL, NTR, SHOP, & SPOT.
| AVGO Broadcom Ltd ($430.08) - Semiconductors - AVGO rose Tuesday to break a double top at $432, marking a second consecutive buy signal and a new all-time high. This 4 for 5'er moved to a positive trend in April and has been on an RS buy signal against the market since 2014. The weight of the technical evidence is favorable and improving, however, AVGO is now in an overbought position. Initial support can be seen at $396. Earnings are expected on 6/3. |
| CHD Church & Dwight Company ($94.13) - Household Goods - Shares of CHD broke a triple bottom at $91 to move back to a sell signal. The 4 for 5'er is in danger of moving into a negative trend, with its bullish support line close at $89. Those with positions should continue to hold but should watch for further deterioration, such as movement into a negative trend. |
| CRWD CrowdStrike Holdings, Inc. Class A ($478.23) - Software - CRWD rose Tuesday to complete a bullish catapult at $472 before rising to $480 intraday. This 4 for 5'er moved to a positive trend late in April and sits in the top quintile of the favored software sector RS matrix. The weight of the technical evidence is favorable and improving. Note that the stock is at resistance at $480. Initial support is seen at $440 with further support not seen until $376. |
| LRCX Lam Research Corporation ($275.47) - Semiconductors - LRCX rose Tuesday to break a triple top at $276, completing a shakeout pattern before rising to $280 intraday. This 4 for 5'er moved to a positive trend last May and has been on an RS buy signal against the market since 2023. The weight of the technical evidence is favorable and improving. Initial support can be seen at $244. |
| MRVL Marvell Technology Inc. ($169.50) - Semiconductors - MRVL advanced Tuesday to break a double top at $172, marking a fourth consecutive buy signal and new all-time high. This 4 for 5'er moved to a positive trend in March and sits in the top quartile of the favored semiconductors sector RS matrix. The technical picture is positive and improving, however, the stock is in a heavily overbought position. Initial support is seen at $148 with further support seen at $130. Note that earnings are expected on 5/27. |
| NTR Nutrien Ltd. ($77.67) - Chemicals - NTR returned to a buy signal and a positive trend Tuesday when it broke a double top at $77. The outlook for the stock remains negative, however, as even with the positive trend change NTR is an unfavorable 1 for 5'er. From here, the next level of resistance sits at $78. Meanwhile, support can be found at $70. |
| SHOP Shopify Inc ($106.79) - Retailing - SHOP reversed into Os and broke a double bottom at $118 to return to a sell signal as shares fell to $106. The move matches the 2026 chart low from February and violates the bullish support line on the trend chart, while the market RS chart will return to a column of Os, dropping the stock down to a 3 for 5'er. From here, a move below current chart levels below the $100 range would mark the stock's lowest level in roughly 12 months. |
| SPOT Spotify Technology S.A. ($416.37) - Media - After putting together all the markings of a failed breakout on its default chart, SPOT has journeyed back within one box of its 2026 lows at $408. The 1/5'er should continue to be avoided for now until further technical improvement is seen. Trim on bounces back towards resistance at $448. |
