Comments include: BKNG, CPA, FR, HSY, IR, TOL, VAL, & WLK.
| BKNG Booking Holdings Inc. ($173.91) - Leisure - BKNG broke a triple bottom at $176 to end a series of a buy signals that began in early June. The breakdown also brings the stock down to test the bullish support line at $174, which would drop the stock down to a 2 for 5'er if violated. From here, additional support can be found at $166 and $160. |
| CPA Copa Holdings SA ($145.36) - Aerospace Airline - CPA broke a double bottom at $146 to complete a bullish signal reversal pattern and end a series of buy signals that date back to May. Prior to the sell signal on the trend chart, CPA gave a relative strength buy signal against its peer group, increasing the stock up to a 5 for 5'er. From here, support lies at current chart levels, while additional can be found in the $128 to $132 range. |
| FR First Industrial Realty Trust ($64.39) - Real Estate - FR rose Wednesday to break a spread sextuple top at $65, marking the highest level since 2022. This 4 for 5'er moved to a positive trend last October and sits in the top third of the real estate sector RS matrix. The weight of the technical evidence is positive and continues to improve. Initial support can be seen at $61 and $60. Note that further overhead resistance may be seen at $66, the all-time high from 2021. Earnings are expected on 7/22. |
| HSY The Hershey Company ($175.24) - Food Beverages/Soap - HSY completed a double bottom break at $174, marking its fourth consecutive sell signal. The 4 for 5'er moved down from a 3 earlier this month after reversing back into Os against its peers. Additionally, the stock ranks in the bottom half of the food beverages/soap sector matrix. A sell can be considered here. Initial strong resistance can be seen between $182-$184, with additional resistance at $188. |
| IR Ingersoll-Rand Inc. ($76.71) - Machinery and Tools - Watch for a "failed breakout" for IR, as teh 3/5'er returns to a sell signal with action on 7/8 after failing to sustain price action at or above a recent relevant high towards the top of the trading band. From here, a break of support would come in play at $72. |
| TOL Toll Brothers, Inc. ($146.53) - Building - TOL broke a double bottom at $148 to complete a bullish signal reversal pattern and end a series of buy signals that dated back to May. The stock continues to maintain a 4 technical attribute rating and ranks within the top third of the Building sector matrix. From here, support lies in the $138 to $140 range, while additional can be found at $124, the May 2026 chart low. |
| VAL Valaris Ltd. ($77.37) - Oil Service - VAL gave an initial buy signal Wednesday when it broke a double top at $77. The outlook for the stock remains decidedly negative, however, as VAL is a 0 for 5'er. From here, the first level of support sits at $72, while overhead resistance can be found at $80. |
| WLK Westlake Corp. ($76.30) - Chemicals - WLK gave an initial buy signal Wednesday when it broke a double top at $78. The outlook for the stock remains negative, however, as WLK is a 0 for 5'er and ranks near the bottom of the chemicals sector matrix. From here, the first level of support sits at $72. |
