Comments include: ADPT, ASO, CENX, GE, MHK, MUR, NVDA, QCOM, SHAK, TMO, UAL, & WPM.
| ADPT Adaptive Biotechnologies Corp. ($30.72) - Biomedics/Genetics - ADPT rose Monday to complete a bullish triangle at $30. This 4 for 5'er has been in a positive trend since May and sits in the top quartile of the biomedics/genetics sector RS matrix. The weight of the technical evidence is favorable and improving. Initial support is seen at $25 and $24. |
| ASO Academy Sports and Outdoors, Inc. ($70.63) - Retailing - ASO broke a double top at $70 for a third buy signal as shares rallied to $71, marking a 52-week high. The stock improved to a 3 for 5'er in September and currently ranks within the top decile of the Retailing sector matrix. Current holders may seek to lock in profits as the stock now stis in overbought territory, above the top of the 10-week trading band. While those considering will look for consolidation within the upper $60s before adding. Initial support llies at $66, while prior resistance in the lower $60s may be seen as additional support. |
| CENX Century Aluminum Co ($36.35) - Metals Non Ferrous - After giving four consecutive sell signals, CENX returned to a buy signal Monday when it broke a double top at $36, where it now sits against resistance. The outlook for the stock remains negative despite Monday's move as CENX is a 1 for 5'er. From here, support can be found at $30, CENX's 2026 low. |
| GE GE Aerospace ($336.52) - Aerospace Airline - GE has returned back to a positive trend today, posting its third constructive buy signal in the process. While still a ways off those highs up above at at $388, the recent upside has confirmed a few levels of key support: first at $316 (the middle of the trading band) & $280 (near 2026 lows). From here, feel free to add to positions within the price target sitting at those highs back up from earlier this summer. Towards the downside, watch for a failed breakout with a decrease in price and return back to a negative tend at $296. |
| MHK Mohawk Industries, Inc. ($158.59) - Building - MHK broke a double top at $156 for a third buy signal since moving back into a positive trend in late Ocotber. The stock is a 3 for 5'er that maintains a positive trend and positive near-term market and peer RS, while ranking 1st (out of 80) within the Building sector matrix. Look for consolidation in the $150 range before considering. Initial support lies at $148, while additional can be found at prior resistance at $140. |
| MUR Murphy Oil Corp ($34.58) - Oil - After completing two consecutive buy signals, MUR returned to a sell signal and a negative trend when it broke a double bottom at $35. The negative trend change will drop the stock to a 1 for 5'er. From here, the next level of support sits at $34. |
| NVDA NVIDIA Corporation ($178.10) - Semiconductors - NVDA was one of the biggest laggards on the day as news of its CEO continues to stir, causing the stock to break a double bottom at $180 for a second consecutive sell signal. The stock had already weakened significantly prior to today, moving into a negative trend while losing market RS, bringing it down to sell territory as a weak 1 for 5'er. That said, the stock is now in heavily oversold territory below the bottom of its ten week trading band, so it could consolidate or reverse higher in the near-term, meaning those with positions could wait a little before selling. Earnings for the stock also come out next week on 11/17, which could serve as a catalyst for even more movement. From here, initial support lies at $166. |
| QCOM QUALCOMM Incorporated ($172.09) - Semiconductors - Shares of QCOM broke a double top at $174 on Monday, moving back into a positive trend as well. With the trend change, QCOM is now more of a hold as a 3 for 5'er. The stock would need to regain near-term market relative strength before it enters buy territory. From here, resistance lies ahead at $184 then $188. |
| SHAK Shake Shack Inc ($78.18) - Restaurants - SHAK broke a double top at $77 to return to a buy signal as shares rallied to $78, marking the highest chart level since May. The stock improved to a 3 for 5'er in October after seeing the trend shift back to positive and the market RS chart return to a column of Xs. Okay to consider here on the breakout or on a pullback to the lower $70 range. Initial support lies at $68, while the bullish support line sits at $64. |
| TMO Thermo Fisher Scientific Inc. ($720.13) - Healthcare - TMO advanced Monday to break a double top at $720, notching a new all-time high. This 5 for 5'er moved to a positive trend in July and sits in the top third of the healthcare sector RS matrix. The technical picture is favorable and improving. Initial support can be seen at $664 and $640. |
| UAL United Airlines Holdings Inc. ($121.73) - Aerospace Airline - UAL broke a double top at $118 for a second buy signal as shares rallied to $122. The move penetrates the bearish resistance line, which will shift the trend back to positive, increasing the UAL up to a 3 for 5'er, and place the market RS chart within one box of reversing back into Xs. Okay to consider here on the breakout or on a pullback to the low $110s. Note resistance in the $130s, while initial support lies at $108 and the bullish support line sits at $99. |
| WPM Wheaton Precious Metals Corp ($144.31) - Precious Metals - WPM was up almost 6% Monday, giving a second consecutive buy signal and returning to a positive trend when it broke a double top at $138. The positive trend change will promote WPM to a 4 for 5'er. From here, the next level of overhead resistance sits at $154. |
