Comments include: BURL, FDX, HAS, HLT, JLL, JNJ, KWR, NCLH, OKE, TXRH, & V.
| BURL Burlington Stores, Inc. ($371.59) - Retailing - BURL broke a triple top at $364 to complete a shakeout pattern as shares rallied to $372, marking a new all-time chart high. The stock improved to a 4 for 5'er after seeing the trend shift back to positive earlier in July. Okay to consider here on the breakout or on a pullback to the $340 range. Initial support lies at $340, while the bullish support line sits at $324. |
| FDX FedEx Corporation ($312.64) - Aerospace Airline - FDX broke a quadruple bottom at $304 for a second sell signal since peaking at $344 in June. FDX continues to maintain a 4 technical attribute rating, but the stock has fallen into the bottom have of the Aerospace Airline sector matrix. From here, support lies in the $228 to $292 range, while the bullish support line sits at $280. |
| HAS Hasbro, Inc. ($95.62) - Leisure - HAS broke a double top at $94 for a second buy signal as shares rallied to $95. This continues positive action for the stock off lows from earlier this month and brings HAS back to levels not seen since May. HAS is a 3 for 5'er following a recent positive trend shift, and the stock maintains long-term market and peer RS. Okay to consider here on the breakout. Note resistance in the upper $90s. Initial support lies at $87, while the bullish support line sits at $80. |
| HLT Hilton Worldwide Holdings Inc ($322.85) - Leisure - HLT reversed into Os and broke a triple bottom for a second sell signal since the beginning of July as shares fell to support at $312. HLT has fallen to a 4 for 5'er in technical attribute rating after seeing the trend shift to negative earlier this month. Beyond current support, additional can be found in the $288 to $292 range. |
| JLL Jones Lang LaSalle Incorporated ($343.08) - Real Estate - JLL moved higher to break a triple top at $340 before reaching $344 intraday. This 3 for 5'er moved to a positive trend a month ago and has been on an RS buy signal against the market since 2023. The weight of the technical evidence is favorable and improving. Initial support can be seen at $316. Note earnings are expected on 7/30. |
| JNJ Johnson & Johnson ($268.21) - Drugs - JNJ completed a double top break at $272, marking its fifth consecutive buy signal and a new all-time high. The 3 for 5'er ranks in the top quintile of the drugs sector matrix. JNJ is still rated a hold, so continue to monitor for further improvement. Initial support is at $248, with additional support at $228. |
| KWR Quaker Houghton ($155.65) - Chemicals - KWR returned to a buy signal and a positive trend Tuesday when it broke a triple top at $156. The outlook for the stock remains negative, however, as even with the positive trend change KWR is a unfavorable 2 for 5'er. From here, support can be found at $148, while overhead resistance sits at $162. |
| NCLH Norwegian Cruise Line Holdings Ltd. ($20.98) - Leisure - NCLH broke a double top at $21 for a third buy signal since June. NCLH has improved to a 3 for 5'er after shifting back into a positive trend and seeing the market and peer RS charts return to Xs in June. Note resistance in the $21 to $22 range, while additional resides in the mid $20s. Initial support lies in the $18 range, while additional can be found in the $14.50 to $15 range. |
| OKE ONEOK, Inc. ($88.68) - Oil Service - OKE fell to a sell signal and a negative trend Tuesday when broke a double bottom at $88. The negative trend change will drop the stock to a 1 for 5'er. From here, the next level of support sits at $86. Meanwhile, overhead resistance can be seen at $95 and $96. |
| TXRH Texas Roadhouse, Inc. ($204.69) - Restaurants - TXRH broke a double top at $204 for a third buy signal and to mark a new all-time chart high. The stock improved to a 4 for 5'er in June after seeing the trend chart shift back to positive in June, while the stock currently ranks within the top half of the Restaurants sector matrix. Okay to consider here on the breakout or on a pullback to the lower $190s. Initial support lies at $190, while additional can be found at $182 and $172, the bullish support line. |
| V Visa Inc. ($366.59) - Finance - V broke a triple top at $368 for a second buy signal since June. V has been a 3 for 5'er since shifting back into a positive trend in April of this year. Okay to consider here on the breakout or on a pullback to the upper $350s. Initial suport lies in the $348 to $352 range, while the bullish support line sits at $328. |
