Comments include: AEO, B, BA, ISRG, RL, TMO, & WPM.
| AEO American Eagle Outfitters, Inc. ($15.69) - Retailing - AEO broke a double bottom at $15.50 to return to a sell signal. The break 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 $14.50. |
| B Barrick Mining Corporation ($47.00) - Precious Metals - B returned to a buy signal Monday when it broke a double top at $45 and continued higher to $47, where it now sits against resistance. The moved adds to a modestly positive technical picture as B is a 3 for 5'er. From here, the first level of support sits at $39. |
| BA The Boeing Company ($238.21) - Aerospace Airline - Up just under 10% for the year, BA posted its second consecutive buy signal on its default chart with action on 5/11. However, buyer beware- the stock remains a low attribute option and is encroaching on a level of significant resistance from late 2025/early 2026. With that in mind, you may be best suited limiting exposure where at all possible. |
| ISRG Intuitive Surgical, Inc. ($420.42) - Healthcare - ISGR moved down lower to complete a double bottom break at $440, marking its fifth consecutive sell signal. The 1 for 5'er moved down from a 3 earlier this month after giving a sell signal against the market and reversing back into Os against its peers. Additionally, the stock sits in the bottom half of the healthcare sector matrix. The weekly OBOS indicates that the stock is near oversold territory, so wait for a slight pullback towards the middle of the trading band before selling your position. Initial strong resistance is at $488, with additional resistance at $504. |
| RL Ralph Lauren ($343.12) - Textiles/Apparel - RL broke a double bottom at $348 to complete a bearish catapult as shares fell to $344. This follows a negative trend reversal earlier in May, which dropped the stock down to a 4 for 5'er trading in a negative trend. From here, support lies at current chart levels, while addtional can be found at $328 and $320. |
| TMO Thermo Fisher Scientific Inc. ($450.02) - Healthcare - TMO reversed lower to complete a double bottom break at $448, marking its second consecutive sell signal. The 1 for 5'er moved down from a 2 last month after reversing back into Os against its peers. A sell can be considered here, given the weight of the evidence. Initial resistance is at $480, with additional resistance at $536. |
| WPM Wheaton Precious Metals Corp ($143.80) - Precious Metals - WPM returned to a buy signal Monday when it broke a double top at $140. Monday's move adds to a moderately positive technical picture as WPM is a 3 for 5'er that ranks in the top half of the precious metals sector matrix. From here, the next level of overhead resistance sits at $154. Meanwhile, support can be found at $132. |
