Analyst Observations | Nasdaq Dorsey Wright

BOOT Boot Barn Holdings Inc ($175.92) - Retailing - BOOT reversed back into Xs and broke a double top at $174 to return to a buy signal as shares rallied to $176. The stock is a 4 for 5'er that ranks within the top half fo the Retailing sector. Okay to consider here on the breakout. Note the stock's all-time high at $190. Initial support lies in the $162 to $164 range, while additional can be found at $150 and $146, the bullish suport line.

GDDY GoDaddy Inc. ($132.79) - Internet - GDDY fell Monday to break a double bottom at $130. This marks a second consecutive sell signal for the 1 for 5 TA stock that moved to a negative trend earlier this month. The technical picture is weak and deteriorating. Further support might be seen at $120. Overhead resistance can be seen initially at $138. Note that earnings are expected on 10/30.

PG The Procter & Gamble Company ($147.49) - Household Goods - Shares of PG broke a double bottom at $148 to move back to a sell signal. The 3 for 5’er moved back into a negative trend in April and has gradually moved lower since. That said, the stock still displays peer relative strength and long-term relative strength versus the market, so it’s alright to hold for the time being. From here, support lies at $144 to $142 then again at $136.

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