Analyst Observations | Nasdaq Dorsey Wright

Comments include: CAKE, NYT, & TXRH.

CAKE The Cheesecake Factory Incorporated ($63.51) - Restaurants - CAKE broke a double top at $65 to complete a bullish catapult and clear resistance that dated back to August last year. After moving back into a positive trend earlier this month, CAKE increased to a 5 for 5'er, and the stock now ranks within the top quintile of the Restaurants sector matrix. Okay to consider in the lower $60s. Note resistance in the upper $60s. Initial support lies at $59, while additional can be found at $57 and $50, the bullish support line.

NYT The New York Times Company ($75.19) - Media - NYT moved higher today, printing new all time chart highs in the process. The perfect 5/5'er is up roughly 8% this year and has rallied sharply in a single column of 16 X's on its default chart o post its second buy signal of the year. While this storm forwards leaves the name without much in the way of localized support, it remains actionable at/around current levels. Moves to the top of the trading band are a nice near term price target, action which would represent a near 7% gain from current levels.

TXRH Texas Roadhouse, Inc. ($187.37) - Restaurants - TXRH broke a double top at $190 to return to a buy signal. The stock is a 4 for 5'er that ranks 2nd (out of 26) within the Restuarants sector matrix. Okay to consider here on the breakout or on a pullback to the mid-$180s. Note resistance in the upper $190s. Initlal support lies at $180 and $178, the bullish support line, while additional can be found at $166.

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