Nasdaq Dorsey Wright

Comments include: RRX, TECK, & XYZ.

RRX Regal Rexnord Corp. ($157.13) - Machinery and Tools - Nice break for RRX today. The triple top break completes a shakeout pattern on its default chart... and while the name is still in the red for the year and only manages to pick up three technical attribute points those looking to pick up exposure to the name may look to do so here.

TECK Teck Resources Limited ($33.00) - Oil Service - TECK was down more than 6% Friday. The stock returned to a sell signal and a negative trend when it completed a bullish signal reversal at $34. The negative trend change will drop TECK to a 0 for 5'er and the stock ranks 64th of 66 names in the oil service sector matrix. From here, the next level of support on TECK now sits against support at $33.

XYZ Block Inc ($80.74) - Finance - While XYZ had no breaks today, the stock completed a bullish triangle this month for its fourth consecutive buy signal. The 3 for 5’er continues to see improvement, but it still lacks long-term relative strength versus both the market and its peers, keeping it in hold territory for the time being. Additionally, the fund is in overbought territory above the top of its 10-week trading band, suggesting that it could see some cool down here in the near-term. Those keeping an eye on the stocks should wait for both an improvement in long-term relative strength and some price normalization/consolidation before adding. Initial support starts at $66 and continues into the low $60s, but previous resistance at $71 could also serve as a potential bounce point.

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