Comments include: AEM, BURL, CE, FANG, NRG, PAAS, SRE, TPR, TSLA, & USFD.
| AEM Agnico-Eagle Mines Ltd. ($188.91) - Precious Metals - AEM gave an initial buy signal Thursday when it broke a double top at $192. The outlook for the stock remains negative however, as AEM is an unfavorable 2 for 5'er. From here, the next level of potential resistance is AEM's bearish resistance line at $212. |
| BURL Burlington Stores, Inc. ($307.12) - Retailing - BURL reversed into Os and broke a double bottom at $304 for a second sell signal. This breakdown follows a negative trend change, which dropped the stock down to a 4 for 5'er. From here, support now lies at $300, while additional can be found in the $288 to $292 range on the chart. |
| CE Celanese Corporation ($58.71) - Chemicals - CE was down more than 5% on Thursday and fell to a sell signal and a negative trend on its default chart when it broke a double bottom at $61. CE continued lower to $59, where it now sits against support. The negative trend change will drop CE to a still acceptable 3 for 5'er and the stock ranks in the top quartile of the favored chemicals sector matrix. |
| FANG Diamondback Energy Inc ($189.57) - Oil - FANG fell to a sell signal Thursday when it broke a double bottom at $190. The outlook for the stock remains modestly positive, however, as FANG is a 3 for 5'er that ranks in the top half of the oil sector matrix. From here, the next level of support is FANG's bullish support line at $178. |
| NRG NRG Energy, Inc. ($142.26) - Utilities/Electricity - NRG broke a triple bottom at $148 to return the stock to a sell signal as shares fell to $142. The move also violates the bullish support line, which will drop the stock down to a 2 for 5'er trading in a negative trend. From here, support lies at $140, the March 2026 chart low, while a move into the $130s would mark the lowest chart level since May of last year. |
| PAAS Pan American Silver Corp ($57.93) - Precious Metals - After successfully testing its bullish support line, PAAS returned to a buy signal Thursday when it broke a double top at $61. Thursday's move adds to a modestly positive technical picture as PAAS is a 3 for 5'er that ranks in the top quintile of the precious metals sector matrix. |
| SRE Sempra Energy ($91.20) - Gas Utilities - SRE broke a double bottom at $92 to return to a sell signal as shares fell to $90. The move violates the bullish support line, which will drop the stock down to a 2 for 5'er trading in a negative trend. SRE now trades at levels not seen since February of this year. Support now resides at $84, the January 2026 chart low. |
| TPR Tapestry Inc. ($131.08) - Textiles/Apparel - TPR broke a spread triple bottom at $138 for a second sell signal as shares fell to $132 on the chart. The move takes out support in the upper $130s and brings the chart down to its lowest level since February. While still a 5 for 5'er in technical attribute rating, both the market and peer RS charts are within range of reversing down into Os. From here, support lies at $126, while the bullish support line sits at $110. |
| TSLA Tesla Inc. ($404.62) - Autos and Parts - TSLA broke a double top at $408 to complete a bullish triangle and count as a second buy signal for the stock. The stock maintains a 3 technical attribute rating and long-term RS buy signals against the market and its peer group. Note resistance at current prices as well as at $416. Initial support lies at $388, while additional can be found at $368 and $356, the bullish support line. |
| USFD US Foods Holding Corp. ($86.88) - Food Beverages/Soap - USFD shares fell sharply lower on earnings, moving to a sell signal with a break to a double bottom at $90. The stock also moved into a negative trend for the first time since 2022, brining it down to a 4 for 5'er. Those with exposure should hold on for now given its relative strength but should watch for further deterioration. From here, initial support lies at $80 and $75. |
