BROS, EAT, FLUT, HEI, ISRG, RDDT
| BROS Dutch Bros Inc. Class A ($59.71) - Restaurants - BROS broke a double bottom at $62 to return to a sell signal as shares fell to $60. The move violates the bullish support line, which will drop the stock to a 4 for 5'er, and places the market and peer RS charts within one box of reversing into Os. From here, support lies in the $55 to $57 range, while the April chart low sits at $48. |
| EAT Brinker International Inc ($146.25) - Restaurants - EAT broke a triple bottom at $150 to return the stock to a sell signal as shares fell to $146. This violates support at $150 dating back to August and also takes out the bullish support line, which will drop the stock to a 3 for 5'er. From here, support lies at $144, while additional can be found in the mid $120s. |
| FLUT Flutter Entertainment Plc ($280.10) - Gaming - FLUT broke a double bottom at $276 for a second sell signal since August. The stock remains a 5 for 5'er, but the peer RS chart now resides within one box of reversing into a column of Os. From here, support lies at $264, while the bullish support line sits at $248. |
| HEI Heico Corporation ($323.34) - Aerospace Airline - Today's break gives HEI another chance to break out of a bit of a range from $304- all-time highs around $336. The stock remains a strong 5/5'er and has a nice range of support just below current levels. Feel free to add here if you're looking for focused exposure within the aerospace airline sector. |
| ISRG Intuitive Surgical, Inc. ($433.36) - Healthcare - ISRG inched lower to break a double bottom at $432. The 2 for 5'er moved down from a 3 last month after reversing into Os against its peers. Additionally, ISRG ranks in the bottom half of the healthcare sector matrix. The weekly OBOS indicates that the stock is in oversold territory, so wait for the 10-week trading band to normalize before selling your position. Initial resistance is at $472, with additional resistance at $544. |
| RDDT Reddit, Inc. Class A ($266.66) - Internet - RDDT pushed higher to break a double top at $268, marking a fourth consecutive buy signal and a new all-time high. This 5 for 5'er moved to a positive trend in June and sits near the top of the favored internet sector RS matrix. While the technical picture is strong, the stock is in overbought territory. Initial support can be seen at $252 with further support at $224. |
