Comments include: AN, CF, COP, GFF, HOOD, MNST, OKTA, SYK, & TSN.
| AN Autonation Inc. ($177.13) - Autos and Parts - AN broke a spread quintuple top at $178 to return the stock to a buy signal and flip the trend back to positive. This will increase the stock up to a 4 for 5'er and ranks within the top third of the Autos and Parts sector matrix. Okay to consider here on the breakout or on a pullback to the lower $170s. Note resistance lies at $198, the all-time chart high from February this year. Initial support lies at $168, while additional may be found at $160, the bullish support line. |
| CF CF Industries Holdings, Inc. ($80.92) - Chemicals - CF returned to a positive trend Monday when it broke a double top at $81, where it now sits against resistance. The positive trend change will promote CF to a 3 for 5'er and the stock also ranks in the top quartile of the chemicals sector matrix. From here, the first level of support on CF's chart sits at $76. Earnings are expected on 5/7. |
| COP ConocoPhillips ($87.61) - Oil - COP fell to a sell signal Monday when it broke a double bottom at $88. The return to a sell signal adds to an already weak technical picture as COP is 1 for 5'er and ranks in the bottom half of the oil sector matrix. From here, the next level of support sits at $87. |
| GFF Griffon Corp ($71.33) - Building - Nice break for GFF today. The stock is a 4/5'er that is nearing a test of its negative trend line above. Those looking to pick up some general exposure may be best suited to wait for a trend break above at $73. Said break would push the stock to a perfect 5/5'er as it gears up to take on 2025 highs at $84. |
| HOOD Robinhood Markets, Inc. Class A ($48.03) - Wall Street - HOOD moved lower today, returning to a sell signal in the process. However, the move sets up a bullish shakeout pattern on its default chart for this perfect 5/5'er. Those looking to act should set a notification for a reversal back into X's at $49. The pattern would be completed with a triple top buy signal at $52 as the stock would look to attack 2025 highs at $66. Do note the high RRisk of 4.35- the name isn't suitable for all clients. |
| MNST Monster Beverage Corp. ($60.93) - Food Beverages/Soap - MNST pushed higher to break a double top at $61 to set new all-time highs. This marks the third consecutive buy signal for the 5 for 5’er. MNST also ranks in the top quintile of the food beverages/soap sector matrix. Long exposure can be considered here. Initial support is between $54-$55 with its bullish support line at $50. Note that earnings are expected on 5/8. |
| OKTA Okta Inc ($116.05) - Software - OKTA pushed higher Monday to break a double top at $116, notching a second consecutive buy signal. This 3 for 5'er moved back to a positive trend last week and saw weekly momentum just flip positive, suggesting the potential for further upside from here. The technical picture is mixed but showing near-term improvement. Initial support is seen at $108 with further support not seen until $92. Overhead resistance can be seen at $118, the multi-year highs from March. Note that earnings are expected on 5/27. |
| SYK Stryker Corporation ($381.53) - Healthcare - SYK advanced higher today, notching a third consecutive buy signal on its default chart. The stock is a perfect 5/5'er and bests the broader S&P 500 by nearly 10% in 2025. All that said, the elephant in the room is some stiff resistance at $400, which the name couldn't break through earlier this year. Regardless, holders are fine adding to positions here but do watch how shares react on an eventual trip back to $400. Support is found just below current levels at $364. |
| TSN Tyson Foods, Inc. ($56.05) - Food Beverages/Soap - Shares of TSN completed a bearish Triangle on Monday after disappointing earnings. The 2 for 5’er still maintains near-term relative strength against the market and its peers but is lacking from a long-term perspective, making it one to avoid for the time being. It now sits above support at $55 with additional levels at $54 then $52. |
