Comments include: AMR, AMT, AZO, BP, CENX, F, HCC, HWKN, MU, SNOW, & UPS.
| AMR Alpha Metallurgical Resources Inc. ($190.35) - Oil - After giving two consecutive sell signals, AMR returned to a buy signal and a positive trend Tuesday. The outlook for the stock remains unfavorable, however, as even with the positive trend change, AMR is an unfavorable 1 for 5'er. The stock now sits against resistance at $192; meanwhile, support can be found at $172. |
| AMT American Tower REIT ($186.29) - Real Estate - AMT shares moved higher today to break a double top at $186 to mark its first buy signal and enter a positive trend. This 1 for 5' er has been on an RS sell signal versus the market since October 2022. AMT shares are trading near the middle of their ten-week trading band with a weekly overbought/oversold reading of 22%. From here, support is offered at $168. |
| AZO Autozone, Inc. ($3,022.47) - Autos and Parts - AZO broke a double bottom at $3264 as shares fell to $3008 on the chart, marking the lowest chart level since late 2024. This will cause the peer RS chart to reverse back into Os, dropping the stock down to a 2 for 5'er that ranks within the bottom half of the Autos and Parts sector matrix. Long-term support resides at current chart levels, while additional can be found in the mid $2700 to low $2800 range. |
| BP BP plc (United Kingdom) ADR ($42.32) - Oil - BP gave an initial sell signal Tuesday when it broke a double bottom at $43, where it now sits against support. The outlook for the stock remains positive as BP is a 4 for 5'er. However, beyond the current support at $43, BP shows no additional support on its chart until $34. |
| CENX Century Aluminum Co ($67.43) - Metals Non Ferrous - CENX returned to a buy signal and a positive trend Tuesday when it broke a double top at $66. The positive trend change will promote the stock to an acceptable 3 for 5'er and CENX ranks in the top third of the non-ferrous metals sector matrix. From here, the next level of overhead resistance sits at $68, a multi-year high. |
| F Ford Motor Company ($15.32) - Autos and Parts - F broke a spread quadruple top at $15 as shares rallied to $15.50, marking a third buy signal and the highest chart level since 2022. F has increased to a 4 for 5'er in technical attribute rating with the market RS chart reversing into Xs and the peer RS chart shifting to an RS buy signal in recent weeks. This break places the stock in overbought terrritory, so those seeking exposure to the stock would be better served considering on a pullback to the $14 range. Initial support lies at $13, while the bullish support line resides at $11.50. |
| HCC Warrior Met Coal Inc ($93.48) - Oil - HCC returned to a buy signal and a positive trend Tuesday when it broke a double top at $91. The positive trend change will promote the stock to an acceptable 3 for 5'er. From here, the next level of overhead resistance sits at $96. Meanwhile, support can be found at $82. |
| HWKN Hawkins Chemical Inc ($153.68) - Chemicals - After giving two consecutive sell signals, HWKN returned to a buy signal Tuesday when it broke a double top at $156. Tuesday's move adds to an already positive technical picture as HWKN is a 4 for 5'er that ranks in the top half of the chemicals sector matrix. From here, the next test for the stock is prior resistance and its bearish resistance line at $162. Meanwhile, support can be found at $148. |
| MU Micron Technology, Inc. ($911.73) - Semiconductors - Shares of MU rocketed higher after UBS more than tripled its price target its stock, allowing it to break a double top at $816 a set all-time highs. The 5 for 5'er continues to be one of the strongest names in the market, but it is currently in heavily overbought territory. Those without current exposure should wait for pullback or consolidation before adding. Initial support lies a $656, but previous resistance in the low $800s could also serve as support. |
| SNOW Snowflake, Inc. Class A ($178.38) - Software - Shares of SNOW broke a spread triple top at $178 for its fourth consecutive buy signal. The 3 for 5'er returned to a positive trend in the past couple weeks. However, the name still lacks long-term market relative strength and near-term peer relative strength, keeping it in hold territory for now. Heavy resistance also lies at $184, with the next resistance found at $188. |
| UPS United Parcel Service, Inc. ($102.05) - Transports/Non Air - UPS returned to a buy signal and positive trend with today's action, but the stock will remain a poor attribute name as we move into June. Furthermore, there is still plenty of resistance ahead of current levels, ranging all the way up to the 2026 highs around $122. With that in mind, continue to avoid UPS for now- it wouldn't be out of the question to head back to around recent lows at $94. |
