By Doug Busch
Several stocks highlighted in these pages have delivered strong upside moves in recent months, while others struggled to gain traction in an increasingly volatile market. Revisiting former stock picks offers valuable perspective not only on performance, but also on how technical patterns, market conditions, and investor sentiment evolve.
This week we discuss the following picks:
-- GE Aerospace, written by Al Root in early May. -- Okta, which Dan Victor reviewed in February. -- Madison Square Garden Sports, introduced by Andrew Bary in September.
This note revisits past stock picks where new developments favor fresh buy or sell signals. Read last weeks edition here.
GE Aerospace
The stock is up a pedestrian 2% year to date, but over the past year has advanced 35%. It trades 10% below its 52-week high and is riding a four-session win streak, its first since mid February. The stock is up 2% in the few weeks since our recommendation, tracking the return of the S&P 500.
The one-year daily chart shows strong momentum developing as shares break above a three-month downtrend on the ratio chart against the State Street Industrial Select Sector SPDR ETF. The relative strength breakout suggests improving performance versus the broader industrial sector.
The technical setup also features a bullish move above a previously bearish head-and-shoulders formation. As the saying goes, false moves often lead to fast moves in the opposite direction, and the failed bearish pattern may now fuel additional upside momentum.
The stock recently registered a bearish death cross, though these signals often occur after much of the technical damage has already taken place. Shares found strength after filling the gap from the May 5 session and successfully reclaimed the 200-day simple moving average last week.
Look for the stock to move toward $379 by year end, a 21% gain from current levels. Remain bullish above $295. GE Aerospace was trading around $317 Wednesday.
Okta
The cybersecurity software stock is down 24% over the past year, but has jumped 23% over the past month. It has advanced four of the last six weeks, including three double-digit weekly advances. The stock is up 13% since our recommendation.
The two-year weekly chart shows improving relative strength against the iShares Expanded Tech-Software Sector ETF since the start of the fourth quarter:
It is also encouraging to see the long-term 200-week simple moving average beginning to flatten, a potential sign that the broader downtrend is stabilizing. Last week, the stock reclaimed its 50-week simple moving average as well. The current double-bottom base began forming after a bearish evening star pattern in the last week of May 2025 triggered a 17% decline. More recently, the chart has shown benign technical action with a bullish morning star and harami pattern appearing in early March and mid-April.
Investors can enter here and add above the weekly double-bottom trigger at $97.55. The stock could reach $160 by early 2027, a 70% gain from current prices. The bullish outlook remains intact above $85. Okta was trading around $90 Wednesday.
Madison Square Garden Sports
The owner of professional sports franchises, including the resurgent New York Knicks, trades just 2% off its most recent all time high. The stock has posted an impressive 42% gain year to date and 95% over the past year. The stock is up 69% since our recommendation.
The one-year daily chart shows how the stock has outperformed peers on the ratio chart versus the State Street Communication Services Sector SPDR ETF:
MSGS recorded a bullish golden cross last September and soon after formed a bull flag. That setup broke out at the very round $300 level on Feb. 18, with shares gapping higher by 16%. The gap was later filled on March 19 with a doji, marking the depth of the recent cup-with-handle formation. The breakout above the $345.58 pivot occurred on May 13, confirming renewed upside momentum.
Look for the stock to advance toward the very round $400 level by the start of the third quarter, representing roughly a 10% gain from current prices. The bullish outlook remains intact above $335. Madison Square Garden Sports was trading around $368 Wednesday.
Doug Busch is the senior technical analyst at Barron's Investor Circle . His technical view is added to stock picks, including those published exclusively for Investor Circle readers. A glossary of technical terms is updated regularly with new entries.
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May 28, 2026 01:59 ET (05:59 GMT)
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