Comments include: AN, CAT, OLLI, SCI, & SHOP.
| AN Autonation Inc. ($186.31) - Autos and Parts - AN broke a double top at $188 to complete a bullish triangle and count as a second buy signal. The stock is a 4 for 5'er that ranks within the top quartile of the Autos and Parts sector matrix. Okay to conisder here on the breakout. Note resistance lies at $192 and $198. Initial support lies in the $178 to $180 range, while additional resides at $168, the bullish support line. |
| CAT Caterpillar, Inc. ($353.35) - Machinery and Tools - CAT moved higher today. breaking through its negative trend line up above. This will push the stock back to a technically strong 4/5'er and leave it with clear runway ahead to all-time highs in the low $400's. Consider this break a fine entry point, watching support nearby at $340. If we move below that level, short term holders beware. The name will look to claw its way back to even on the year in the meantime. |
| OLLI Ollies Bargain Outlet Holding Inc. ($118.44) - Retailing - OLLI broke a double top at $118 to return to a buy signal and penetrate the bearish resistance line. This moves the chart back into a positive trend and will increase the stock up to a 5 for 5'er. Okay to consider here on the breakout. Resistance lies at $122, the May rally high. Initial support lies in the mid to lower $100 range, while additoinal can be found at $98 and $95. |
| SCI Service Corp International ($79.00) - Healthcare - SCI inched higher to break a double top at $79. The 4 for 5'er moved into a positive trend in April and ranks in the top half of the healthcare sector matrix. Additionally, SCI is accompanied by a yield of 1.64%. Long exposure can be considered here. Initial strong support is at $75, with additional support at $72. |
| SHOP Shopify Inc ($111.08) - Retailing - SHOP reversed into Xs and broke a double top at $112 to complete a bullish triangle for a second buy signal. The stock is a 5 for 5'er that ranks in the top third of the Retailing sector matrix. Okay to consider here on the breakout. Note resistance lies at $128, the stock's all-time chart high. Initial support lies in the lower $100, while additional may be found in the upper $80s. |
