Analyst Observations | Nasdaq Dorsey Wright

Comments include: CMI, EXE, H, & HAS.

CMI Cummins Inc. ($485.87) - Machinery and Tools - Quite a technical picture for CMI. The perfect 5/5'er has moved forward at will, ripping off a string of a string of six consecutive buy signals since moving back into a positive trend off in the summer. We are a touch overbought around current levels, but those looking for exposure could add here or on pullbacks to support littered throughout the $400's. CMI ranks 4th within its respective sector matrix.

EXE Expand Energy Corp ($116.11) - Oil - EXE gave an initial sell signal Monday when it broke a double bottom at $112, setting up a potential shakeout pattern on its chart. The outlook for EXE remains positive as the stock is a 4 for 5'er that ranks in the top half of the oil sector matrix. The stock would enter the action phase of the possible shakeout pattern with a reversal into Xs and would complete the pattern with a triple top break at $122.

H Hyatt Hotels Corp. ($162.24) - Leisure - H broke a double top at $160 for a second buy signal as shares rallied to $162, marking the highest level since February. The stock has improved to a 5 for 5'er after moving back into a positive trend earlier this month and seeing its peer RS chart return to Xs, highlighting H's near-term strength. Okay to consider here on the breakout or on a pullback to the lower $150s. Initial support lies at $148, while additional can be found at $140, the bullish support line.

HAS Hasbro, Inc. ($79.18) - Leisure - HAS broke a double top at $80 for a second buy signal since October. The stock is a 5 for 5'er that ranks within the top third of the Leisure sector matrix and is accompanied by a yield of roughly 3.6%. Okay to consider here on the breakout or on a pullback to the upper $70s. Initial support lies at $75, while additional can be found at $71.

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