Comments include: CEG, ELV, HPE, PANW, RTX, & SNOW.
| CEG Constellation Energy Corporation ($252.71) - Utilities/Electricity - CEG reversed down and completed a double bottom break at $248, marking its third consecutive sell signal. The 2 for 5'er moved down from a 3 earlier this month, after reversing back into a negative trend. A sell can be considered here, given the weight of the evidence. Initial strong resistance can be seen at $268, with additional resistance at $304. |
| ELV Elevance Health Inc. ($390.00) - Healthcare - ELV moved lower to complete a triple bottom break at $388. The 3 for 5'er ranks in the bottom half of the healthcare sector matrix. ELV is still rated a hold, so continue monitoring for further weakness. Initial resistance can be seen between $424-$432. Support levels can be seen at $37 and $364. |
| HPE Hewlett Packard Enterprise Company ($64.34) - Computers - HPE moved higher to completea a double top break at $66, marking its third consecutive buy signal and a new intraday all-time high above $67. The 5 for 5'er moved up from a 4 last month, after reversing back into Xs against the market. Additionally, the stock ranks 2/42 in the computers sector matrix. Long exposure can be made here. Initial support is at $61, with additional support at $56. |
| PANW Palo Alto Networks Inc ($399.82) - Software - PANW moved higher to complete a spread triple top break at $400, marking its third consecutive buy signal and a new all-time intraday high. The 5 for 5'er ranks in the top third of the software sector matrix. Long exposure can be made here, given the weight of the evidence. Initial support is at $368, with additional support at $356. |
| RTX RTX Corp. ($186.30) - Aerospace Airline - RTX inched lower to complete a double bottom at $186, marking its second consecutive sell signal. The 4 for 5'er is still rated a buy and ranks in the top quartile of the aerospace airline sector matrix. Although the stock has pulled back notably in recent weeks, the weight of the evidence is still mostly positive as the stock currently sits in oversold territory. Continue to monitor for further weakness. Initial resistance is at $194, with additional resistance at $224. |
| SNOW Snowflake, Inc. Class A ($342.45) - Software - SNOW moved higher to complete a double top break at $348. The 5 for 5'er moved up from a 4 last month after reversing back into a buy signal against the market. Additionally, the stock ranks in the top third of the software sector matrix. Long exposure can be made here. Initial strong support is at $320, with additional support at $304. |
