Comments include: AAPL, AMZN, CRWD, GDDY, & RBLX.
| AAPL Apple Inc. ($302.80) - Computers - AAPL fell sharply on Friday after their quarterly report and call, breaking a double bottom at $316 to move to a sell signal. Despite today's pullback, Apple remains a strong buy as a 5 for 5'er. If anything, today's movement could be a buy on pullback opportunity. From here, initial support lies at $276, with the bullish support line at $264. |
| AMZN Amazon.com Inc. ($270.89) - Retailing - AMZN reversed into Xs and broke a double top at $260 to return to a buy signal as shares rallied to $272, just one box from the May all-time chart high at $276. The move penetrates the bearish resistance line and will shift back into a positive trend, increasing the stock to a 2 for 5'er. Support now lies at $228. |
| CRWD CrowdStrike Holdings, Inc. Class A ($189.87) - Software - Shares of CRWD had rallied significantly before pulling back over the last month, but action today saw the stock return to a buy signal after breaking a double top at $188. The 5 for 5'er currently trades in actionable territory and is an attractive option for those needing new tech stocks. Initial support lies at $178 to $176 then $166. |
| GDDY GoDaddy Inc. ($79.62) - Internet - GDDY fell from the upper $90s to mid $70s, breaking a double bottom at $86 to return to a sell signal and violating the bullish support line. Additionally, the abrupt drop will bring the market and peer relative strength charts back into Os, dropping the stock down to a 0 for 5'er. Support lies at current levels, while the June chart low resides at $72. |
| RBLX Roblox Corp. Class A ($34.83) - Leisure - RBLX broke a double bottom at $45 for a third sell signal as shares fell to $34, bringing the stock to its lowest level sicne mid 2024. The drop will cause the stock to revere down into Os on the market and peer RS charts, while causing the peer RS chart to give an RS sell signal, dropping the stock down to a 0 for 5'er. No near-term support resides nearby. |
