Comments include: ARM, AU, BIDU, HWM, LYV, RIO, & UTHR.
| ARM ARM Holdings PLC ADR ($237.55) - Semiconductors - ARM moved higher Wednesday to complete a bullish triangle at $220 before rising to match its all-time high at $236. This 4 for 5'er moved to a positive trend in March and just moved back to an RS buy signal against the market at the end of April. The weight of the technical evidence is favorable and improving, however, ARM is now in a heavily overbought position. Initial support is seen at $200 with further support seen at $194. |
| AU AngloGold Ashanti Limited (South Africa) ADR ($98.39) - Precious Metals - AU was up more than 8% on Wednesday and returned to a buy signal when it broke a double top at $95 and continued higher to $99 where it now sits against its bearish resistance line. Wednesday's move adds to a modestly positive technical picture as AU is a 3 for 5'er that ranks in the top quintile of the precious metals sector matrix. |
| BIDU Baidu, Inc. (China) ADR ($140.59) - Internet - BIDU advanced Wednesday to break a double top at $132 before climbing over 11% intraday to return to a positive trend at $140. This promotes the stock to a 3 for 5 TA rating. The stock has maintained an RS buy signal against the market since last September, and is once again showing near-term improvement. The technical picture is mixed but improving. Initial support is seen at $120 with further support seen at $116. Note that there is the potential for further overhead resistance seen at $148. Earnings are expected on 5/18. |
| HWM Howmet Aerospace Inc. ($256.71) - Aerospace Airline - Nice break today for HWM, as the perfect 5/5'er was up as much as 6% for the day. Although its broad sector has weakened a touch off 2026 highs, the stock still ranks strongly within its respective aerospace and defense matrix, coming in at 15th out of 58. If there was one negative, it would be that the name is inbound on a range of resistance between current levels and all-time highs sitting at $264, but the weight of the evidence is still positive. To boot, HWM has some support offered just below current levels for those of you looking for a solid base to work on to attack those previously mentioned highs. |
| LYV Live Nation Entertainment Inc. ($169.00) - Leisure- LYV broke a double top at $160 to return to a buy signal as shares rallied to match resistance at $168. The stock has been a 4 for 5'er since moving back into a positive trend in April and currently ranks in the top half of the Leisure sector matrix. Beyond current resistance - which dates back to September of last year - the stock's all-time chart high resides at $174. Initial support lies at $152, the bullish support line, while additional can be found at $144. |
| RIO Rio Tinto PLC (United Kingdom) ADR ($105.75) - Metals Non Ferrous - RIO gave a second consecutive buy signal and reached a new multi-year high Wednesday when it broke a spread quintuple top at $102, taking out resistance that had been in place since February. Despite Wednesday's breakout, the outlook for RIO remains unfavorable as the stock is a 2 for 5'er. From here, the first level of support sits at $97. |
| UTHR United Therapeutics Corporation ($596.62) - Biomedics/Genetics - UTHR reversed back up and completed a bullish triangle at $600, marking its third consecutive buy signal and a new all-time. The 5 for 5'er sits in the top third of the biomedics/genetics sector matrix. Long exposure can be made here, given the weight of the evidence. Initial support is at $568, with additional support at $552. |
