Comments include: AEM, AMT, CCI, DASH, GEV, H, NEM, & TSLA.
| AEM Agnico-Eagle Mines Ltd. ($154.29) - Precious Metals - AEM fell to a sell signal Tuesday when it broke a triple bottom at $150. Tuesday's break adds to an already negative technical picture as AEM is a 1 for 5'er that ranks in the bottom half of the precious metals sector matrix. AEM now sits against support at $150 that dates back to September 2025. Beyond that level, it shows no further support until $114. |
| AMT American Tower REIT ($163.57) - Real Estate - AMT fell Tuesday to break a spread triple bottom at $166 before falling to $164 intraday. This marks the third consecutive sell signal for the 0 for 5'er that moved to a negative trend at the end of June. The stock has also been on an an RS sell signal against the market since 2022, highlighting the weak technical picture. The weight of the current evidence is negative and deteriorating. Long exposure should be avoided. Overhead resistance may be seen at $176 and $180. |
| CCI Crown Castle Inc ($75.73) - Real Estate - CCI fell Tuesday to break a double bottom at $78, marking a second consecutive sell signal. This 0 for 5'er moved to a negative trend earlier this month and sits in the bottom quintile of the real estate sector RS matrix. The stock has a weak technical picture, however, it is at support from March and in oversold territory. This highlights a potential sell-on-rally candidate for those with lingering long exposure. Overhead resistance may be seen at $82. Note that earnings are expected on 7/22. |
| DASH DoorDash, Inc. Class A ($185.37) - Restaurants - DASH broke a double top at $188 for a fourth buy signal and to bring the stock up to test notable resistance in the $190 range. DASH has improved to a 4 for 5'er following a reversal back into Xs on the market RS chart earlier this week. Initial support lies at $180, while additional can be found at $174 and $166. |
| GEV GE Vernova Inc. ($1,163.27) - Utilities/Electricity - GEV broke a double top at $1120 to complete a bullish catapult for a second buy signal as shares rallied to $1152. The stock has improved to a 4 for 5'er following a reversal back into Xs on the market RS chart, and it currently ranks 2nd (out of 55) within the Electric Utilities sector matrix. Initial support lies at $1056 and $1024, while additional lies in the upper $800 range. |
| H Hyatt Hotels Corp. ($194.14) - Leisure - H broke a double bottom at $194 to initiate a shakeout pattern. The stock has been a 5 for 5'er since early April and currently ranks within the top third of the Leisure sector matrix. Okay to consider on a reversal back into Xs at $200, while the pattern would be complete upon the triple top break at $208. Support now lies at $190, while additional can be found in the lower $180s. |
| NEM Newmont Corp ($93.63) - Precious Metals - NEM fell to a sell signal Tuesday when it broke a triple bottom at $92. The move adds to an already weak technical picture as NEM is a 1 for 5'er. From here, the next level of support, which dates to November 2025, sits at $89. |
| TSLA Tesla Inc. ($422.69) - Autos and Parts - TSLA broke a double top at $416 to return to a buy signal and flip the trend back to positive. Along with positive near- and long-term peer relative strength, the trend change will increase the stock up to a 4 for 5'er. Note resistance at current prices along with additional in the $440 range. Initial support lies at $372, the bullish support line. |
