Nasdaq Dorsey Wright

Analyst Observations

Published: May 24, 2024

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

Comments include: CAVA & SPB.

CAVA CAVA Group, Inc. ($83.17) - Restaurants - CAVA broke a double top at $82 for a fifth consecutive buy signal as the stock rallied to a new chart high at $84. CAVA is a 5 for 5'er that could be considering the upper $70 to lower $80 range. Initial support liesin the mid to low $70s, while longer-term support lies at $67.

SPB Spectrum Brands Holdings ($91.83) - Food Beverages/Soap - Shares of SPB printed their first sell signal since March on Friday, at $91. That said, the stock remains a healthy 5 for 5'er at this time and ranks in the upper quartile of the food beverages/soap stock sector matrix. Strong support is offered at around $78.

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