Comments include: BSX, DVN, DY, MUR, SCHW, & TGT.
| BSX Boston Scientific Corporation ($50.35) - Healthcare - BSX moved lower to complete a double bottom break at $52, marking its third consecutive sell signal. The 2 for 5'er ranks near the bottom of the healthcare sector matrix. The weekly OBOS indicates that the stock is in oversold territory, so wait for a pullback before selling your position. Initial strong resistance is at $58, with additional resistance at $66. |
| DVN Devon Energy Corporation ($44.73) - Oil - DVN fell to a sell signal Wednesday when it broke a double bottom at $44, where it now sits against its bullish support line. The outlook for the stock remains positive, however, as DVN is a 4 for 5'er that ranks in the top half of the favored oil sector matrix. Multiple levels of overhead resistance exist between $50 and $52. |
| DY Dycom Industries Inc ($538.29) - Building - DY reversed into Xs and broke a double top at $456 as shares rallied to an all-time chart high at $560. The stock has been a 5 for 5'er since May of 2025 and currently ranks within the top quartile of the Building sector matrix. Given the extension into overbought territory, those seeking exposure to the stock will look for consolidation and a normalization of the 10-week trading band before considering. Prior resistance at $464 may be seen as initial support, while additional lies at $400. |
| MUR Murphy Oil Corp ($35.88) - Oil - MUR fell to a sell signal and a negative trend Wednesday when it completed a bearish triangle at $36, where it now sits against support, Wednesday's move adds to an already weak technical picture as the negative trend change will drop MUR to a 1 for 5'er. |
| SCHW The Charles Schwab Corporation ($85.95) - Wall Street - SCHW shares fell today to break a triple bottom at $87 to mark its first sell signal. This 3 for 5'er entered a negative trend in April but remains on an RS buy signal versus the market since May 2025. SCHW shares are trading below the middle of the ten-week trading band with a weekly overbought/oversold reading of -25%. From here, support is offered at $74. |
| TGT Target Corporation ($129.12) - Retailing - TGT broke a double top at $128 for a third buy signal as shares rallied to $130. The stock has been a 3 for 5'er since February of this year and currently ranks within the top quartile of the Retailing sector matrix. From here, a move to the mid $130s would mark the highest chart level since early 2025. |
