Nasdaq Dorsey Wright

Comments include: KR, SHAK, & WPC.

KR The Kroger Co. ($71.35) - Retailing - KR revesed into Xs and broke a double top at $71 as shares rallied to $72, flipping the trend back to positive. The trend change will increase the stock to a 4 for 5'er that is accompanied by a yield of 1.9%. From here, the stock's all-time chart high sits one box above current prices. Notable support now resides in the mid $60s.

SHAK Shake Shack Inc ($131.93) - Restaurants - SHAK reversed into X and broke a triple top at $132 for a second buy signal. The stock is a 5 for 5'er that ranks within the top third of the Restaurants sector matrix. SHAK remains in overbought territory, so those seeking exposure may look to dollar cost average on pullbacks or look for a normalization of the 10-week trading band. Note the stock's all-time chart high lies at $138. Initial support lies at $124.

WPC W.P. Carey & Co. LLC ($63.51) - Real Estate - Shares of WPC broke a double top at $64 for its first buy signal since February. Today’s move also saw the stock return to a positive trend, bringing it up to a 3 for 5’er. The stock is acceptable to hold, but an increase in long-term relative strength could take it into buy territory. From here, the stock faces resistance at $64, $66, and $67.

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