First Solar Hits BSZ – Quanta Breaks Out – Arista Consolidates within Uptrend

Today’s report features three stocks from recently covered ETFs. First Solar is part of the Solar Energy ETF (TAN), which recently corrected back to its rising 200-day SMA. Arista Networks is part of the Data Center Digital Infra ETF (DTCR), which remains in a leading uptrend. Quanta Services is part of the Infrastructure ETF (IFRA), which recently recorded a new high. $FSLR $ANET $IFRA

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Defense Stocks – BWX Technologies, General Dynamics and RTX Corp

Today’s report focuses on three stocks in the Aerospace & Defense ETF, which has a breakout working since late May. This group corrected in March-April, found its footing in May and moved higher in June. Defense stocks are also part of the Industrials SPDR and account for 24.4% of the sector. BWX Tech reversed off of a support zone, General Dynamics turned up within a consolidation and RTX recaptured its 200-day. SMA $BWXT $GD $RTX

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Healthcare Extends as Breadth Improves – Setups: Pfizer, Vertex, Novartis, J&J

Weakness in medical devices/equipment weighed on the healthcare sector this year, but we are seeing strength in large pharma stocks, which account for most of the sector’s weighting. Overall, breadth is improving as XLV extends on its breakouts. We are also seeing bullish setups/breakouts in Pfizer, Vertex, Novartis and J&J $XLV $PFE $NVS $VRTX $JNJ

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Breadth Thrust for Utilities – Ameren Surges off Support – Centerpoint Breaks Out

The utilities sector got a bullish breadth thrust as the percentage of XLU stocks above their 50-day EMA surged above 80. Today’s report will analyze the XLU price chart, this thrust and two long-term breadth indicators, which are bullish. We then dive into the sector with bullish charts for Ameren and Centerpoint. $XLU $AEE $CNP

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Baker Hughes, Trane Technologies, Johnson Controls and PG&E

Today’s report starts with the oil patch as Baker Hughes returns to the breakout zone. We then feature two stocks from the industrials sector. Trane Technologies pulled back to a Bullish Setup Zone and Johnson Controls broke out of a falling wedge. We end with a utility stock (PG&E) that is firming at its rising 200-day SMA. $BKR $TT $JCI $PCG

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