Comments include: APP, JBHT, NOW, TLN, WPM, & XOM.
| APP AppLovin Corp. Class A ($503.49) - Software - Shares of APP broke a triple top at $496 for its fifth consecutive buy signal. The stock has improved with the software sector over the last several weeks, moving back to a positive trend and up to a 3 for 5'er. APP remains more of a hold than anything, but is one to potentially keep an eye on given its recent improvement. From here, initial resistance lies at $520 then $568. |
| JBHT J.B. Hunt Transport Services, Inc. ($262.21) - Transports/Non Air - JBHT moved to new all-time highs today. While the stock is still only a 3/'5'er, it is up over 30% so far this year and the technical picture has broken to the upside since our last comment. On top of that, recent action has set up a nice layer of support at $232, around another point of old resistance. While we are a bit overbought around current levels, adding to JBHT wouldn't be a bad option on some normalization. |
| NOW Servicenow Inc ($95.20) - Software - Shares of NOW broke a double top at $95 to move back to a buy signal. However, the 0 for 5'er continues to lack strength, trading in a negative trend for over six months. It also sits in the bottom 10 names of the top 500 large cap matrix. Overall, it remains a stock to avoid until it shows significant improvement. |
| TLN Talen Energy Corp ($335.41) - Utilities/Electricity - TLN reversed into Os and broke a double bottom at $336 for a second sell signal. The break also violates the bullish support line, which will drop the stock down to a 4 for 5'er. Due note, both the market and peer RS charts reside within one box of reversing down into Os, leaving two additional attributes at risk. Support lies at current levels, while additional can be found in the lower $300. |
| WPM Wheaton Precious Metals Corp ($130.41) - Precious Metals - WPM was down more than 6% on Friday, falling to a sell signal and a negative trend. The trend change will drop the stock to unfavorable 2 for 5'er. From here, the next level of support on WPM's chart sits at $124. |
| XOM Exxon Mobil Corporation ($157.92) - Oil - XOM gave an initial buy signal Friday when it broke a double top at $156. Friday's move adds evidence to an already positive technical picture as XOM is a 4 for 5'er that ranks near the middle of the oil sector matrix. The stock now sits against resistance at $158. Meanwhile, support can be found at $144. |
