Nasdaq Dorsey Wright

ALGT, AZO, HD, and NFLX

ALGT Allegiant Travel Company ($84.34) - Aerospace Airline - ALGT broke a double top at $84 for a second buy signal and flip the trend back to positive. The stock will improve to a 2 for 5'er and has now matched the December rally high. A move to $85 would bring the chart to levels not seen since October of last year. Resistance from here lies at $99 and $102. Support lies at $79 and $65, the bullish support line.

AZO Autozone, Inc. ($2,329.91) - Autos and Parts - AZO broke a double bottom at $2304 for a second sell signal following a bounce of near-term resistance at $2496. The stock remains a 5 for 5'er, but it has fallen to the bottom half of the Autos and Parts sector matrix. Support now lies at $2176 and $2080, the bullish support line. Continue to monitor.

HD Home Depot, Inc. ($311.09) - Building - HD broke a spread triple bottom at $308 for a second sell signal and a violation of the bullish support line. This will drop the stock to a 3 for 5'er in a negative trend. The stock resides in the bottom half of the Building sector matrix and support now lies at $304, with additional support at $280.

NFLX NetFlix Inc. ($342.50) - Internet - Shares of NFLX jumped over 8% on Friday following a favorable earnings report. The stock remains a 3 for 5'er at this time yet now trades on two consecutive buy signals well above its bullish support line. The next identifiable level of resistance is situated at around $348, yet more meaningful resistance is up around $400, the highs from March and April 2022.

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