Comments include: CMC, FCX, LPX, SCCO, TDW, & TECK.
| CMC Commercial Metals Corporation ($65.37) - Steel/Iron - CMC returned to a buy signal Thursday when it broke a double top at $67 and continued higher to $69, where it now sists against its bearish resistance line. The outlook for the stock remains unfavorable as CMC is a 2 for 5'er. However, a move to $70 would promote it to a 3 for 5'er. |
| FCX Freeport-McMoRan Inc. ($70.01) - Metals Non Ferrous - FCX gave a second consecutive sell signal and fell to a negative trend Thursday when it broke a double bottom at $68. The negative trend change will drop FCX to a still acceptable 3 for 5'er. From here, the next level of support sits at $66. |
| LPX Louisiana-Pacific Corporation ($69.39) - Forest Prods/Paper - After giving three consecutive sell signals, LPX returned to a buy signal Thursday when it broke a triple top at $69. The outlook for the stock remains negative, however, as LPX is a 0 for 5'er. From here, the next test for the stock is its bearish resistance line at $72. |
| SCCO Southern Copper Corporation ($201.69) - Metals Non Ferrous - SCCO fell to a sell signal Thursday when it broke a double bottom at $196 and continued lower to $194, where it now sits against its bullish support line. The outlook for the stock remains favorable as SCCO is a 5 for 5'er. However, a move to $192 would drop it a 4 for 5'er. |
| TDW Tidewater Inc ($79.18) - Oil Service - TDW fell to a sell signal and a negative trend Thursday with a move to $79. The outlook for the stock remains favorable as even with the negative trend change TDW is a 4 for 5'er. From here, the next level of support sits at $78. |
| TECK Teck Resources Limited ($65.74) - Oil Service - TECK gave a second consecutive sell signal and fell to a negative trend when it broke a double bottom at $64, where it now sits against support. The outlook for the stock remains modestly favorable as even with the negative trend change TECK is an acceptable 3 for 5'er. |
