Comments include: DASH, DG, HAS, HP, MU, OLLI, OXY, PLTR, & TSLA.
| DASH DoorDash, Inc. Class A ($194.36) - Restaurants - DASH broke a double bottom at $192 to complete a bearish triangle for a second sell signal as shares fell to $190. The stock continues to maintain a 5 technical attribute rating and ranks within the top quintile of the Restaurants sector matrix. Support lies at current chart levels, while the bullish support line sits at $186. |
| DG Dollar General Corp. ($122.93) - Retailing - DG broke a double bottom at $122 for the first sell signal in more than three months and to penetrate the bullish support line. The trend change will drop the stock down to a 2 for 5'er that has shown negative near-term market and peer RS since earlier this year. Support lies at current chart levels, while additional can be found in the $114 to $118 range. |
| HAS Hasbro, Inc. ($88.14) - Leisure - HAS broke a double bottom for a second sell signal since the beginning of September. The break brings the stock down to test the bullish support line at $87, which would be violated with a move to $86 on the chart. HAS remains a 4 for 5'er in technical attribute rating, but now sits in the lower half of the Leisure sector matrix. Beyond current support additional can be found in the upper to mid $70s. |
| HP Helmerich & Payne, Inc. ($40.29) - Oil Service - HP gave an initial sell signal when it broke a double bottom at $40 on Monday. The outlook for the stock remains positive despite Monday's move as HP is a 4 for 5'er and ranks in the top quartile of the oil service sector matrix. From here, the next level of support sits at $33. |
| MU Micron Technology, Inc. ($1,045.71) - Semiconductors - PLTR pushed higher on Monday, breaking a double top at $1,040 for its second consecutive buy signal. The 5 for 5'er has traded in a positive trend for over a year and has rallied off of its July lows, with it regaining all of the near-term strength it had previously lost. Investors could look to buy here, with it trading in actionable territory just above the middle of its ten week trading band. Initial support lies at $912 and $896. |
| OLLI Ollies Bargain Outlet Holding Inc. ($79.98) - Retailing - OLLI broke a spread triple top at $80 for a second buy signal and to clear resistance from last month. The stock moved back into a positive trend in recent weeks, increasing the stock to a 3 for 5'er. From here, resistance resides at $81, while additional can be found at $88. Support lies in the low to mid -$70s. |
| OXY Occidental Petroleum Corporation ($57.25) - Oil - OXY gave an initial sell signal Monday when it broke a double bottom at $57. The outlook for the stock remains favorable, however, as OXY is a 4 for 5'er. From here, the next level of support is OXY's bullish support line at $55; further support is afforded at $54. |
| PLTR Palantir Technologies Inc. Class A ($182.18) - Software - PLTR completed a double top break at $178 to move back to a buy signal. The 3 for 5'er has consolidated over the last month following its swift rebound. However, the 3 for 5'er still trades in a positive trend and just needs more long-term relative strength before moving back into buy territory. Those with positions should continue to hold while investors on the sideline should wait for further improvement. Initial support lies at $170 while additional support also lies at $166. |
| TSLA Tesla Inc. ($374.19) - Autos and Parts - TSLA broke a double top at $376 to complete a bullish traingle and count as a sixth buy signal since the beginning of August. The break causes the market RS chart to reverse back into Xs, increasing the stock to a 3 for 5'er in technical attribute rating. From here, notable near-term resistance still resides at $384. Initial support lies in the $350 range, while additional can be found at $344. |
