Comments include: COST, IFF, MSFT, WMT, & WOR.
| COST Costco Wholesale Corporation ($926.31) - Retailing - COST broke a double bottom at $928 to complete a bearish catapult. The break follows the stock reversing down into Os on both the market and peer RS charts, dropping the stock down to a 3 for 5'er. From here, the stock maintains support at $848, the bullish support line, while additional resides at $800. |
| IFF International Flavors & Fragrances Inc. ($80.80) - Chemicals - IFF returned to a buy signal Wednesday after successfully testing its bullish support line; the move adds to an moderately positive technical picture as IFF is a 3 for 5'er that ranks 10th of 49 names in the chemicals sector matrix. IFF now sits against resistance at $81, meanwhile, support can be found at $75. |
| MSFT Microsoft Corporation ($387.77) - Software - Shares of MSFT broke a double top at $384, ending its streak of two consecutive sell signals. That said, the 1 for 5'er still trades in a negative trend and lacks market relative strength, with it also ranking in the bottom quintile of the top 500 large cap matrix. The stock remains one to avoid for the time being until we see additional improvement. From here, initial resistance resistance lies at $400, with the bearish resistance lines at $424. |
| WMT Walmart Inc. ($108.29) - Retailing - WMT broke a double bottom at $112 for a second sell signal as shares fell to $108, marking their lowest level for 2026. This will also cause the stock to reverse into Os on its market RS chart, dropping the stock down to a 3 for 5'er. From here, initial support now lies at $99, while additional can be found in the low to mid $90s. |
| WOR Worthington Enterprises Inc. ($53.61) - Steel/Iron - WOR fell to a sell signal and a negative trend Wednesday when it broke a spread quadruple bottom at $52. The negative trend change will drop WOR to a weak 1 for 5'er. From here, the next level of support on the chart sits at $46. |
