Comments include: ELF, MAR, NXPI, & ORCL.
| ELF Elf Beauty Inc ($52.72) - Household Goods - ELF moved lower to complete a double bottom break at $52, marking its fourth consecutive sell signal. The 0 for 5'er ranks almost last in the household goods sector matrix. The weekly OBOS indicates that the stock is in oversold territory, so wait for a normalization on the stock price before selling your position. Initial resistance is at $57, with additional strong resistance between $63-$64. |
| MAR Marriott International, Inc. ($369.44) - Leisure - MAR broke a double top at $368 for a third buy signal since mid March. The stock has been a 5 for 5'er since May of last year and ranks within the top third of the Leisure sector matrix. Okay to consider here on the breakout or on a pullback to the $350 range. Note the stock's all-time chart high lies at $380. Initial support lies at $348, while the bullish support line resides at $336. |
| NXPI NXP Semiconductors NV ($308.63) - Semiconductors - Shares of NXPI broke a double top at $308 to set all-time highs while also completing its fifth consecutive buy signal. The 4 for 5'er moved back to a positive trend in April and has put together an extremely strong month and a half, like most semi companies have. However, the stock is trading in heavily overbought territory, so those looking to buy should wait for consolidation or pullback to the $260s. Initial support lies at $288 then $280, with the bullish support line all the way down at $208. |
| ORCL Oracle Corporation ($186.03) - Software - Shares of ORCL broke a double bottom at $180 on Wednesday to move back to a sell signal after rallying off of its lows. Despite its dip today, the stock has improved its picture significantly in recent weeks, with it moving back to a positive trend and regaining near-term relative strength. The 4 for 5'er is now more of a buy than a sell, even with its recent sell signal, and those looking to add could do so here, but should be watchful for further volatility. Initial support lies at $162, with the bullish support line at $150, but previous resistance around $160 to $170 could also serve as a future bounce point. |
