Comments include: AVGO, BA, DINO, FTI, FTNT, HXL, LAUR, LNVGY, MSGE, & TGT.
| AVGO Broadcom Ltd ($376.49) - Semiconductors - AVGO moved higher to break a double top at $380, returning to a buy signal in the process. While this name trades well off its respective 2026 highs, it does maintain a technically acceptable 3/5 TA score, failing its near-term RS tests against its peer group and the overall market. From here, defending the bullish support line below ~$360 will be mission critical as we move into the back half of the year. Those with holdings, set alerts for a break of this trendline, as a move into a negative trend would signal a material shift in relative leadership. |
| BA The Boeing Company ($232.72) - Aerospace Airline - Interesting technical setup for BA with the break. Although the name returns to a buy signal with today's action, the airline manufacturer remains a poor attribute name at the time of this writing. It does trade well off its 2025 lows, but the runway for upside from here should be limited as it trades near a range of resistance between $240 & ~$250. For those with exposure, set alerts for breaks of nearby support at $212- but perhaps most notable is the bullish support line at $198. |
| DINO HF Sinclair Corporation ($74.20) - Oil Service - DINO returned to a buy signal Monday when it broke a spread quadruple top at $75, marking a new multi-year high for the stock. Monday's move adds to an already positive technical picture as DINO is a 4 for 5'er that ranks in the top quintile of the oil service sector matrix. From here, support sits at $64 |
| FTI TechnipFMC PLC ($67.26) - Oil Service - After giving two consecutive sell signals, FTI returned to a buy signal Monday when it broke a double top at $68. Monday's move adds to a positive overall outlook as FTI is a 4 for 5'er that ranks in the top third of the oil service sector matrix. From here, the next level of resistance sits at $71. Meanwhile, support can be found at $64. |
| FTNT Fortinet Inc. ($161.77) - Software - Shares of FTNT broke a double top at $160 for its sixth consecutive buy signal. The 5 for 5'er continues to look extremely strong, but is now in overbought territory, so those looking to buy it should wait for some pullback or consolidation. Initial support lies at $152, $140, then $134. |
| HXL Hexcel Corporation ($101.95) - Aerospace Airline - HXL moved higher to break a double top at $102, marking a third consecutive buy signal on its default chart. This 3 for 5'er was recently promoted from a 2 and now sits in hold territory as it flirts with all-time highs. The stock has moved quickly in 2026, maintaining columns of X's from a relative perspective against both its peer group and broader domestic equities. The name will look to hold above its bullish support line after breaking back into a positive trend in June. Initial support is at $95, and additional support is at $88. |
| LAUR Laureate Education Inc ($39.55) - Business Products - LAUR inched higher to complete a double top break at $39, marking its second consecutive buy signal and a new all-time high. The 5 for 5'er moved up from a 4 last month after reversing back into Xs against its peers. Additionally, the stock ranks in the top third of the business products sector matrix. The weekly OBOS indicates that the stock is in overbought territory, so wait for a normalization of the 10-week trading band before considering. Initial support is at $35, with additional support at $29. |
| LNVGY Lenovo Group Limited (Hong Kong) ADR ($53.48) - Computers - LNVGY moved lower to break a double bottom at $53, completing a bearish catapult and marking a third consecutive sell signal. This 4 for 5'er moved down from a 5 last week but still remains in buy territory. The stock has maintained a positive trend for almost a year, keeping the longer-term technical picture intact. Additionally, LNVGY remains on RS buy signals against both the market and its peers, and is performing well on a year-to-date basis. Initial resistance can be seen at $60, with additional resistance at $62. That said, initial support remains far away at $32, with the bullish support line at $31, while previous resistance at $35 could also serve as potential support. |
| MSGE Madison Square Garden Entertainment Corp. ($75.32) - Leisure - MSGE broke a double bottom at $77 to initiate a shakeout pattern as shares fell to $76. The stock has been a 5 for 5'er since November 2025 and continues to rank within the top third of the Leisure sector matrix. The action point for the shakeout pattern would occur with a reversal back into Xs at $79, while the pattern would be complete upon the triple top break at $83. Support now lies in the lower $70s. |
| TGT Target Corporation ($126.49) - Retailing - TGT broke a double bottom at $126 to complete a bullish signal reversal pattern and end a series of buy signals that began back in April. The stock continues to maintain a 3 technical attribute rating and resides within the top half of the Retailing sector matrix. From here, support lies in the $118 to $122 range, while additional can be found in the $112 to $114 range. |
