Comments include: CRM, DAR, FTI, OXY, TTWO, WFRD, & XOM.
| CRM Salesforce Inc. ($197.51) - Software - Shares of CRM broke a double top at $196 for its fourth consecutive buy signal. The stock has rebounded off its lows recently, regaining near-term strength and moving back into a negative trend, gaining two technical attributes. However, the 2 for 5'er still lacks peer and long-term market strength, keeping it in sell territory for now. That said, the name is one to watch for sustained improvement. |
| DAR Darling Ingredients Inc. ($63.22) - Food Beverages/Soap - DAR reversed back up and completed a double top break at $63. The 4 for 5'er moved up from a 3 last month after reversing back into Xs against its peers. Additionally, the stock ranks in the top half of the Food Beverages/Soap sector matrix. Long exposure can be made here. Initial strong support is at $58, with additional support at $51. |
| FTI TechnipFMC PLC ($74.01) - Oil Service - FTI returned to a buy signal Monday when it broke a double top at $73. Monday's move adds evidence to an already positive outlook as FTI is a 4 for 5'er. From here, the next level of overhead resistance sits at $77, a level from which FTI has reversed down twice since April. Meanwhile, support can now be found at $68. |
| OXY Occidental Petroleum Corporation ($58.44) - Oil - OXY gave an initial buy signal and returned to a positive trend Monday when it broke a double top at $58, where it now sits against resistance. The positive trend change will promote OXY to an acceptable 3 for 5'er. From here, support sits at $54. |
| TTWO Take-Two Interactive Software, Inc. ($252.74) - Leisure - TTWO broke a double top at $252 for a seventh buy signal. The stock is a 4 for 5'er that has maintained long-term relative strength against the market since May 2023 and peer group since November 2023. Okay to consider here on the breakout. Note the stock's prior chart high at $264. Initial support lies at $232, the bullish support line, while additional resides at $208. |
| WFRD Weatherford International Plc ($92.29) - Oil Service - WFRD moved to a buy signal and a positive trend Monday when it broke a quadruple top at $92. The outlook for the stock remains negative, however, as even with the positive trend change WFRD is a unfavorable 2 for 5'er. From here, the next level of overhead resistance sits at $102. |
| XOM ExxonMobil Holdings Corp. ($159.50) - Oil - XOM returned to a buy signal Monday when it broke a triple top at $160. Monday's move adds to an already positive technical picture as XOM is a 4 for 5'er that ranks in the top half of the oil sector matrix. From here, the next level of overhead resistance sits at $162. Meanwhile, support can be found at $150. |
