Comments include: AMD, BBY, HLT, RDDT, & ROL.
| AMD Advanced Micro Devices, Inc. ($508.63) - Semiconductors - Shares of AMD broke a double top at $504, but continues to trade in a rangebound fashion, with it remaining between the $400s - $500s over the last couple months. That said, the 4 for 5'er remains a solid option despite some slowdown, trading in a positive trend and holding long-term relative strength. AMD sits in actionable territory for those looking to buy. Initial support lies at $464, $456, then $432. |
| BBY Best Buy Co., Inc. ($86.21) - Retailing - BBY broke a double top at $88 to return to a buy signal. The stock has been a 3 for 5'er since May and ranks within the top quintile of the Retailing sector matrix. Okay to consider here on the breakout. Note resistance at $91. Multiple support levels can be found in the $70 range beginning at $79. |
| HLT Hilton Worldwide Holdings Inc ($326.23) - Leisure - HLT broke a triple top at $328 to return to a buy signal and penetrate the bearish resistance line. This will flip the trend back to positive, which will increase the stock up to a 5 for 5'er. From here, near-term resistance can be found at $332 before getting back to the stock's June high at $356. Notable support lies at $312, while additional can be found in the $288 to $292 range. |
| RDDT Reddit, Inc. Class A ($177.62) - Internet - RDDT surged double digits today, reversing into a column of Xs and giving a buy signal at $164. The advance also broke the bearish resistance line and moved the stock to a positive trend, pushing RDDT to a 1 for 5 TA rating. A reversal into a column of Xs against the market could add a second positive technical attribute. Near-term strength is moving in the right direction, while the long-term technical picture need to catch up. Initial support can be seen at $154 with additional support at $150. |
| ROL Rollins, Inc. ($36.24) - Business Products - ROL inched lower to complete a double bottom break at $36, marking its seventh consecutive sell signal. The 0 for 5'er moved down from a 1 last month after giving a sell signal against its peers. Additionally, the stock ranks near the bottom of the business products sector matrix. The weekly OBOS indicates that the stock is in heavily oversold territory, so wait for a normalization of the 10-week trading band before selling your position. Initial resistance is at $40, with additional resistance at $46. |
