AWI, BAX, CME, GPI, HCA, JWN, MAXR, MDT, NWE, & THS.
| AWI Armstrong World Industries, Inc. ($70.85) - Building - Armstrong World Industries reversed lower today, breaking a double bottom at $72 to mark a third consecutive sell signal before declining further to $71. Today's break also signifies a negative trend reversal for the stock, demoting it to a 2 for 5'er. Supply is in control and long exposure should be avoided. Short sellers should note that support is offered at $70 and that AWI returns to a buy signal with a double top break at $77. |
| BAX Baxter International Inc. ($82.45) - Healthcare - Baxter International shares reversed lower today, breaking a spread triple bottom at $82 to mark a second consecutive sell signal. Today's break also signifies a negative trend reversal, demoting the stock to a 2 for 5 TA rating. BAX ranks 97th of 115 names included in the healthcare sector RS matrix and recently witnessed a flip to negative monthly momentum, suggesting the potential for further losses. The weight of the evidence is negative. Those with long exposure should move to the sidelines here. |
| CME CME Group, Inc. ($167.08) - Wall Street - CME shares reversed lower today, breaking a spread quadruple bottom at $170 to mark a second consecutive sell signal before declining further to $168. This 2 for 5'er moved to a negative trend earlier this month and ranks 20th of 22 names included in the wall street sector RS matrix. Additionally, weekly momentum has recently flipped negative, suggesting the potential for further losses. Supply is in control and long exposure should be avoided. Short sellers should note that support is offered at $164 and that CME carries a yield of 1.96%. |
| GPI Group 1 Automotive, Inc. ($58.62) - Autos and Parts - Group 1 Automotive shares broke a double bottom at $62 today to mark a second consecutive sell signal before declining further past support to $58. Despite this 5 for 5'er having returned to a positive trend in June and market RS buy signal in May, recent consecutive sell signals suggest that supply is in control in the near-term. No new positions at this time. From here, the bullish support line is found at $51. Note that earnings are expected on 7/23. |
| HCA HCA Healthcare Inc. ($94.15) - Healthcare - HCA Healthcare shares broke a double bottom at $96 today, marking a third consecutive sell signal before declining further past support to $94. Although this 2 for 5'er moved back to a positive trend in May and remains on a market RS buy signal since 2012, recent consecutive sell signals suggest that supply is in control. Additionally, HCA ranks 89th of 115 names included in the healthcare sector RS matrix and has recently witnessed a flip to negative weekly momentum, suggesting the potential for further decline. The weight of the evidence is negative. Avoid. |
| JWN Nordstrom, Inc. ($15.93) - Retailing - Nordstrom shares returned to a sell signal and negative trend with a double bottom break at $16 today. This trend reversal results in a demotion to a 0 for 5 TA rating, suggesting both absolute and relative weakness. Avoid long exposure. Short sellers should note that JWN tests support here. |
| MAXR Maxar Technologies Ltd. ($17.27) - Business Products - Maxar Technologies completed a bullish triangle at $17 today, marking a second consecutive buy signal. This strong 5 for 5'er returned to a positive trend and market RS buy signal in late May. Additionally, MAXR ranks 5th of 98 names included in the business products sector RS matrix. Demand is in control and long exposure may be added here. Note that support is offered at $15 and $14. |
| MDT Medtronic PLC ($89.20) - Healthcare - Medtronic shares reversed lower today, returning to a sell signal with a spread triple bottom break at $90 before declining further past support to $89. This 1 for 5'er moved to a negative trend in early June and ranks 91st of 115 names in included in the healthcare sector RS matrix. Additionally, weekly momentum has recently flipped negative, suggesting the potential for further losses. Supply is in control. Avoid. Short sellers should note that MDT carries a yield of 2.48% and returns to a buy signal/positive trend with a double top break at $96. |
| NWE NorthWestern Corporation ($52.38) - Utilities/Electricity - NorthWestern shares broke a spread triple bottom at $52 today, returning the stock to a sell signal. Today's break also signifies a negative trend reversal, demoting NWE to a 1 for 5'er. NEW has been on a market RS sell signal since December of 2017 and ranks 44th out of 48 names included in the utilities/electricity sector RS matrix. Supply is in control. Avoid long exposure. Short sellers should note that NEW carries a yield of 4.43% and finds support at $46. |
| THS TreeHouse Foods, Inc. ($44.43) - Food Beverages/Soap - Shares of THS continued lower on Wednesday to give a third consecutive sell signal with a double bottom break at $45. The move also marks a negative trend change for the stock, demoting it to a 1 for 5'er. Furthermore, THS resides in the average food beverage/soap sector and demonstrates long-term weakness relative to the market, remaining on an RS sell signal since November of 2016. The weight of the evidence is negative here. The next level of support can be found at $37 while resistance resides at $49. |
