DKNG, JBHT, MORN, PWSC, WYNN
| DKNG DraftKings Inc Class A ($42.48) - Gaming - DKNG broke a double bottom at $43 to return the stock to a sell signal. The stock remains a 5 for 5'er that ranks 2nd (out of 17) in the Gaming sector matrix, and this is just an initial sell signal in what has been a strong trend. DKNG remains actionable in the mid to upper $40s, but holders should continue to monitor near-term support at $40. Additional support lies at $32, while the bullish support line resides at $29. |
| JBHT J.B. Hunt Transport Services, Inc. ($168.46) - Transports/Non Air - JBHT whiffed on earnings, falling as much as 8% on the day. This technical weak stock fell past notable support on its default chart and should be avoided for long exposure. Holders after earnings may look for some normalization on the back of the miss, as we are in as "oversold" territory as we have been in over 20 years. |
| MORN Morningstar, Inc. ($296.32) - Finance - MORN shares moved lower today to break a double bottom at $296 to mark its first sell signal. A reversal back into Xs would form a shakeout pattern on the default chart. This 4 for 5'er has been in a positive trend since July and on an RS buy signal versus the market since July 2023. MORN shares are trading near the middle of their trading band. |
| PWSC PowerSchool Holdings, Inc. Class A ($17.79) - Software - PWSC dropped over 9% intraday Wednesday to break a double bottom at $18.50 before falling to $17.50. This also violated the bullish support line, placing the stock in a negative trend and demoting it to a 1 for 5 TA rating. The weight of the technical evidence is weak and deteriorating. Further support can be seen at $16.50 with additional support seen at $16. Overhead resistance is not seen initially until $25. Note that earnings are expected on 5/3. |
| WYNN Wynn Resorts, Limited ($98.08) - Gaming - WYNN broke a triple bottom at $98 as the stock fell to $97. This ends a series of consecutive buy signals that began back in January for the 3 for 5'er. WYNN continues to trade in a positive trend and maintains long-term positive RS against the market and its peer group. From here, support lies at $94, while the bullish support line sits at $93. |
