Comments include: ALB, AMD, CRSP, HAL, IRON, MLAB, & OXY.
| ALB Albemarle Corp ($94.78) - Chemicals - ALB fell to a sell signal Tuesday when it broke a double bottom at $96. Monday's move adds to an already negative technical picture as ALB is a 0 for 5'er and ranks near the bottom of the chemicals sector matrix. From here, the next level of support sits at $90. |
| AMD Advanced Micro Devices, Inc. ($516.27) - Semiconductors - Shares of AMD broke a double top at $520 to move back to a buy signal. That said, the stock has lost significant strength over the last month has now reversed out of oversold territory. Given the 2 for 5'er trades in a negative trend is and is more of a sell, it could make sense to get out here for those still with positions. Initial resistance lies at $576 while the bearish resistance line is right above that at $584. |
| CRSP Crispr Therapeutics AG ($45.25) - Biomedics/Genetics - CRSP fell Tuesday to break a triple bottom at $47 before dropping to $46 intraday. This 0 for 5'er moved to a negative trend in September and has been on an RS sell signal against the market since January. The weight of the technical evidence is weak and deteriorating. Note that that stock is at support from July, with further support seen at $45. Overhead resistance may be seen at $51. |
| HAL Halliburton Company ($31.87) - Oil Service - HAL fell to a sell signal Tuesday when it broke a double bottom at $31, where it now sits against support. Tuesday's move adds to an already negative technical picture as HAL is a 0 for 5'er and ranks in the bottom quartile of the oil service sector matrix. Beyond the current support at $31, HAL shows no additional support on its chart until $25. |
| IRON Disk Medicine Inc. ($85.29) - Biomedics/Genetics - IRON pushed higher Tuesday to break a double top at $85 before reaching $86 intraday. This 4 for 5'er moved to a positive trend in October and sits in the top third of the biomedics/genetics sector RS matrix. The weight of the technical evidence is favorable and improving. Initial support can be seen at $77 with further support at $75. |
| MLAB Mesa Laboratories, Inc. ($135.88) - Healthcare - MLAB rose Tuesday to complete a bearish signal reversal at $132 before reaching $138 intraday. This 4 for 5'er moved to a positive trend in July and has been on an RS buy signal against the market since April. The weight of the evidence is favorable, however, note that MLAB has heightened volatility with an RRisk score of 3.52. Initial support is seen at $120, with further support seen just below at the positive trend line at $116. |
| OXY Occidental Petroleum Corporation ($57.05) - Oil - OXY fell to a sell signal and a negative trend Tuesday when it broke a double bottom at $54. where it now sits against support. The negative trend change will drop the stock to a 3 for 5'er. |
