Retail Bubble Stocks Play On Earnings Momentum

Tickers in this article: UA AMZN HD COST WMT

Costco Wholesale (COST) ($102.58 vs. $97.00 on Oct. 17): Set an all-time high at $104.43 on Oct. 10 in reacting to its earnings report. The weekly chart shifts to positive on a close this week above the five-week MMA at $98.17. My weekly value level is $94.10 with a monthly pivot at $103.15 and quarterly risky level at $108.47.

Dollar General (DG) ($49.58 vs. $50.29 on Oct. 17): Set an all-time high at $56.04 on July 7. The weekly chart shifts to positive on a weekly close above its five-week MMA at $49.06. My weekly value level is $45.80 with my semiannual risky level at $53.23.

Dollar Tree (DLTR) ($41.42 vs. $40.52 on Oct. 17): Set an all-time high at $56.81 on June 20 and is below its 200-day SMA at $47.84. The weekly chart shifts to positive on a close this week above the five-week MMA at $41.66. My weekly value level is $33.57 with a semiannual pivot at $43.02 and semiannual risky level at $50.29.

Family Dollar (FDO) ($69.01 vs. $68.52 on Oct. 17): Set an all-time high at $74.73 on June 14. The weekly chart has been positive since the week of Nov. 2 with the five-week MMA at $67.27. My semiannual value level is $62.16 with a weekly pivot at $68.21 and semiannual risky level at $71.79.

Home Depot (HD) ($64.83 vs. $60.86 on Oct. 17): Will likely set a new multi-year high today with its all time high of $70.00, set in April 2000. The weekly chart remains in bubble territory with overbought Mojo and the five-week MMA at $62.11. My quarterly value level is $58.83 with a weekly pivot at $63.95 with no risky level as Mojo continues.

Lowes Companies (LOW) ($35.77 vs. $32.35 on Oct. 17): Set a new all-time high at $35.78 yesterday. The weekly chart remains in bubble territory with overbought Mojo and the five-week MMA at $32.82. My quarterly value level is $31.01 with an annual pivot at $34.45 and no risky level.

Monster Beverage (MNST) ($51.36 vs. $58.42 on Oct. 17): Set an all-time high at $83.96 on April 30, and the stock is below its 200-day SMA at $61.21. The weekly chart shifts to positive on a close this week above its five-week MMA at $49.62. My weekly value level is $43.70 with a semiannual risky level at 58.04.

Constellation Brands (STZ) ($35.36 vs. $35.78 on Oct. 17): Set an all-time high at $36.50 on Oct. 8. The weekly chart is neutral with declining Mojo and the five-week MMA at $34.75. My annual value level is $31.07 with a monthly pivot at $34.99 and weekly risky level at $38.31.

TJX Companies (TJX) ($44.04 vs. $43.10 on Oct. 17): Set and all-time high at $46.67 on Aug 29. The weekly chart shifted to positive a week ago with the five-week MMA at $43.11. My weekly value level is $40.55 with a quarterly pivot at $45.64 and annual risky level at $45.75.