Nasdaq Dorsey Wright

Analyst Observations

Published: September 11, 2025

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: MCK & SPHR.

MCK McKesson Corporation ($719.80) - Drugs - MCK inched higher to break a double top at $712, marking its second consecutive buy signal. The 5 for 5'er moved up from a 4 last month after moving back into a positive trend. Long exposure can be made here, given the weight of the technical evidence. Initial support is at $680, with additional support at $640. Strong resistance at $736, its previous all-time high.

SPHR Sphere Entertainment Co. ($57.78) - Leisure - SPHR broke a double top at $56 for a fourth buy signal as shares rallied to $58, marking a new all-time chart high. This follows the stock reversing back into Xs on both the market and peer RS charts, increasing the stock to a 5 for 5'er. SPHR now trades in overbought territory, so those seeking exposure are best served by looking for consolidation in the mid to lower $50s along with a normalization of the 10-week trading band before considering. Initial support lies at $52.

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