Analyst Observations | Nasdaq Dorsey Wright

Comments include: DVA, JBL, LMT, & SNDK.

DVA DaVita, Inc. ($113.57) - Healthcare - DVA inched down lower to break a double bottom at $114, marking the fifth consecutive buy signal. The 2 for 5'er moved down from a 3 in September after reversing back into Os against its peers. Additionally, the stock ranks near the bottom of the healthcare sector matrix. A sell can be considered. Initial strong resistance can be seen at $122, with additional resistance at $124.

JBL Jabil Circuit, Inc. ($234.70) - Electronics - JBL rose Wednesday to break a double top at $236, matching its all-time high from September. This 4 for 5'er moved to a positive trend in May and has maintained an RS buy signal against the market since 2019. The weight of the technical evidence is favorable and improving. Initial support can be seen at $208 with further support at $190.

LMT Lockheed Martin Corporation ($488.70) - Aerospace Airline - LMT returned to a buy signal today, but the overall technical picture leaves much to be desired. The stock remains a technically unfavorable 2/5'er... now closing on a roughly flat 2025. Those looking to take a flier position on the name should continue to watch for further improvements in TA score or a break past some stubborn resistance between $504-$512. For now, set an alert for a breakout passed $520.

SNDK SanDisk Corp ($252.92) - Computers - SNDK pushed higher Wednesday to break a double top at $256 before reaching $260 intraday. This 4 for 5'er moved to a positive trend in June and just moved back to a column of Xs against the market this week. The weight of the technical evidence is favorable and improving. Initial support can be seen at $236 with further support at $200.

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