Comments include: AMD, CNR, DAL, EAT, GEV, GM, HAS, HCA, PEP, SFM, & TRP.
| AMD Advanced Micro Devices, Inc. ($184.35) - Semiconductors - AMD moved higher on Wednesday to break a spread triple top at $184 before reaching $186 intraday. This 3 for 5'er moved to a positive trend in May and sits in the top decile of the favored semiconductors sector RS matrix. The weight of the technical evidence is favorable here and continues to improve. However, AMD is in extended territory and at resistance from July 2024. Initial support can be seen at $170 and $158. |
| CNR Core Natural Resources Inc. ($74.72) - Oil - CNR fell to a sell signal Wednesday when it broke a double bottom at $74 after unsuccessfully testing its bearish resistance line. The outlook for the stock remains marginally positive as it is an acceptable 3 for 5'er and ranks in the top half of the oil sector matrix. CNR now sits against support at $74. |
| DAL Delta Air Lines Inc. ($58.98) - Aerospace Airline - DAL broke a double top at $59 for a second buy signal. The stock is a 3 for 5'er that ranks within the top half of the Aerospace Airline sector matrix and is accompanied by a yield of 1.4%. Okay to consider here on the breakout or on a pullback to the mid $50s. Initial support lies at $51, while the bullish support line resides at $48. |
| EAT Brinker International Inc ($159.27) - Restaurants - EAT broke a double top at $162 to return to a buy signal as shares rallied to $166. The stock is a 5 for 5'er that ranks within the top half of the Restaurants sector matrix. Okay to consider here on the breakout. Note resistance lies at $184. Initial support lies at $150, while additional can be found at $144. |
| GEV GE Vernova Inc. ($633.33) - Utilities/Electricity - GEV broke a double bottom at $632 to initiate a shakeout pattern as shares fell to $616. The stock has been a 5 for 5'er since early June, and this action pulls the stock back from recent chart highs. The action point for the shakeout pattern would be upon a reversal into Xs at $640, while the pattern would be complete upon a triple top break at $680. Current support lies at $544 and $520. |
| GM General Motors ($55.62) - Autos and Parts - GM broke a double top at $55 for a third buy signal and to match 2025 chart highs. The stock is a 3 for 5'er that ranks within the top half of the Autos and Parts sector matrix and is accompanied by a yield north of 1%. Okay to consider here on the breakout or on a pullback to the lower $50s. Note resistance lies at current levels, while additional resides at $61. Initial support lies at $49, while the bullish support line sits at $47. |
| HAS Hasbro, Inc. ($80.04) - Leisure - HAS broke a triple top at $79 to complete a shakeout pattern as shares rallied to $80, marking a multi-year high. The stock is a 3 for 5'er that ranks within the top third of the Leisure sector matrix and is accompanied by a yield of 3.6%. Okay to consider here on the breakout or on a pullback to the mid $70s. Initial support lies at $74, while additional may be found at prior resistance in the $69 to $70 range. |
| HCA HCA Healthcare Inc. ($391.02) - Healthcare - HCA inched higher to break a spread quadruple top at $392. The 5 for 5'er shifted up from a 4 with its latest move, after moving back into a positive trend. Additionally, HCA ranks in the top third of the healthcare sector matrix. Long exposure can be made here. Initial support is between $332-$328, with additional support at $316. |
| PEP PepsiCo, Inc. ($149.26) - Food Beverages/Soap - Shares of PEP broke a triple top at $148, ending its streak of three consecutive sell signals. However, the 1 for 5’er continues to lack relative strength versus the market and its peers, making it a name to still avoid for the time being. From here, initial resistance lies at $154, $160, and $164. |
| SFM Sprouts Farmers Market, LLC ($147.08) - Retailing - Shares of SFM completed a bearish catapult at $144 for its second consecutive sell signal. The stock has lost near-term relative strength in recent months, dropping it down into hold territory as a 3 for 5’er. However, it continues to trade in a positive trend and hold long-term relative strength. From here, initial support lies at $140 and continues into the high $120s. |
| TRP TransCanada Corporation ($50.99) - Oil Service - TRP returned to a buy signal Wednesday when it broke a double top at $51, where it now sits against resistance. The return to a buy signal adds to modestly positive technical picture as TRP has an acceptable 3 for 5 technical attribute rating. From here, support can be found at $47, where TRP's bullish support line also currently sits. |
