Comments include: APLE, CRL, DASH, GE, INTC, MMM, NOG, & W.
| APLE Apple Hospitality Reit ($17.81) - Real Estate - APLE moved higher Tuesday to break a double top at $17.50, marking a second consecutive buy signal. This 4 for 5'er moved to a positive trend in May and sits in the top decile of the real estate sector RS matrix. The weight of the technical evidence is favorable and improving, however, APLE is entering overbought territory and at multi-year resistance from 2023. Initial support is seen at $15.50. Note that earnings are expected on 11/5. |
| CRL Charles River Lab. Internat'l, Inc. ($315.04) - Biomedics/Genetics - CRL inched higher to complete a bullish triangle at $312, marking its fourth consecutive buy signal. The 5 for 5'er moved up from a 4 last month, after reversing back into a buy signal against its peers. Additionally, the stock ranks in the top decile of the biomedics/genetics sector matrix. Long exposure can be made here, given the weight of the evidence. Intitial support is seen between $292 & $296, with additional support at $268. |
| DASH DoorDash, Inc. Class A ($191.22) - Restaurants - DASH broke a double top at $196 to return to a buy signal. The move also penetrates the bearish resistance line, which will flip the trend back to positive and increase the stock up to a 4 for 5'er in technical attribute rating. From here, resistance lies at current price, while additional can be found in the $200 to $204 range. Initial support lies at $188, while additional can be found at $184 and $180. |
| GE GE Aerospace ($299.56) - Aerospace Airline - GE moved sharply lower to complete a double bottom break at $296, marking its fourth consecutive sell signal. The 3 for 5'er moved down from a 4 with its latest move, after reversing back down into Os against the market. GE is currently trading in oversold territory and is still rated a hold, so you can continue holding for the time being. Initial resistance is at $320, with additional resistance at $328. |
| INTC Intel Corporation ($91.69) - Semiconductors - Shares of INTC fell lower on Tuesday, breaking a double bottom at $89 to move to both a sell signal and a negative trend. The now 1 for 5'er has weakened significantly over the last several weeks, placing it firmly in sell territory. Those with positions could look to get rid of the name here. Initial support lies at $86 then $82. |
| MMM 3M Company ($170.57) - Chemicals - MMM was up more than 5% Tuesday following its earnings release. The stock moved to a buy signal with a double top break at $172. The outlook for MMM remains negative, however, as it is a 1 for 5'er. From here, the next test for is MMM's bearish resistance line at $178. |
| NOG Northern Oil & Gas Inc. ($27.56) - Oil - NOG returned to a buy signal and a positive trend Tuesday when it broke a double top at $28, where it now sits against resistance. The positive trend change will promote NOG to an acceptable 3 for 5'er. |
| W Wayfair Inc. ($114.32) - Retailing - W broke a double top at $114 for a third buy signal since late September. The stock has been a 4 for 5'er since June of this year and currently ranks within the top quintile of the Retailing sector matrix. Okay to consider in the upper $100 to mid $110 range. Note resistance from prior rally highs at $118. Initial support lies at $106, while additional can be found at $99 and the $93 to $95 range. |
