Comments include: ANF, BOOT, CAVA, CEIX, CF, CW, DEO, DJT, MNDY, & X.
| ANF Abercrombie & Fitch Co. ($133.15) - Retailing - ANF reversed into Os and broke a double bottom at $148 to return to a sell signal as shares fell to $130, violating multiple levels of near-term support and testing the bullish support line at $130. Additionally, ANF sits within one box of reversing into Os on its market RS chart, leading two potential attributes at stake for the 3 for 5'er. Beyond the bullish support line, additional support lies at $122. |
| BOOT Boot Barn Holdings Inc ($155.65) - Retailing - BOOT broke a double top at $164 for a fifth consecutive buy signal as the stock rallied to market the 2024 chart high at $168. The stock is a 4 for 5'er that ranks in the top half of the Retailing sector matrix. Shares took a step back into the $150s following the breakout and to an actionable level on the chart. Initial support lies at $154, while additional lies at $144, the bullish support line. |
| CAVA CAVA Group, Inc. ($110.97) - Restaurants - CAVA broke a spread triple bottom at $110 for a second sell signal. CAVA remains a 4 for 5'er, but it resides within one box of reversing into Os on its peer RS chart and has shown negative near-term RS against the market since the latter part of December. From here, support now lies at $97, while the bullish support line sits at $92. |
| CEIX CONSOL Energy Inc. ($101.95) - Oil - CEIX gave a second consecutive sell signal and violated its trend line on Monday when it broke a double bottom at $100; the stock continued lower to $94, where it now sits against support. The negative trend change will drop CEIX to an unfavorable 2 for 5'er, |
| CF CF Industries Holdings, Inc. ($95.50) - Chemicals - CF gained more than 7.5% on Monday and returned to a buy signal when it broke a double top at $95, marking a new multi-year high for the stock. Monday's move adds to an already positive technical picture as CF is a 4 for 5'er and ranks in the top decile of the chemicals sector matrix. From here, the first level of support sits at $87 |
| CW Curtiss Wright Corporation ($349.97) - Aerospace Airline - CW joins the growing list of names posting multiple sell signals off of all time highs. The stock does remain a 5/5'er, but bulls may perhaps be best suited waiting for a bit of confirmation that support at current levels is strong. Below $344, traditional PnF support isn't seen until $292. Towards the upside, bulls will eye all time highs in between $384 and $392. |
| DEO Diageo (United Kingdom) ADR ($116.52) - Food Beverages/Soap - Shares of DEO broke a double bottom at $116 for its second consecutive sell signal. The 0 for 5’er has been trading in a negative trend since 2023 and has been on a market RS sell signal since 2014. The weight of the technical evidence continues to point against Diageo, making it a stock to avoid. From here, its next support comes at $102 from DEO’s 2020 low. |
| DJT Trump Media & Technology Group Corp. ($40.96) - Internet - DJT pushed higher Monday to break a double top at $38 before rising over 16% to $41 intraday. This 5 for 5’er has shown significant volatility with an RRisk score north of 7, but has been in a positive trend since the end of October. The stock also sits in the top quintile of the favored internet sector RS matrix. Initial support can be seen at $34 with further support at $33. Further overhead resistance may be seen at $45 and $54. |
| MNDY monday.com Ltd. ($211.24) - Software - MNDY fell Monday to break a double bottom at $212, marking a second consecutive sell signal. This 2 for 5’er moved to a negative trend in December and sits in the bottom decile of the software sector RS matrix. The weight of the technical evidence is weak and continues to deteriorate. However, the stock is not entering oversold territory. Further support can be seen at $190 from last August. Overhead resistance may be seen initially at $244 with more notable resistance around $300. |
| X United States Steel Corporation ($36.34) - Steel/Iron - X returned to a buy signal and a positive trend Monday when it broke a double top at $36. The positive trend change will promote X to a 4 for 5'er. From here, support can be found at $30, while overhead resistance now sits at $41. |
