Analyst Observations
Published: March 9, 2026
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.
Comments include: AAP, CC, HUM, IHG, JBHT, MMM, SPG, & USAU.

 

AAP Advance Auto Parts, Inc. ($50.73) - Autos and Parts - AAP broke a double bottom at $49 for a second sell signal since the February rally high at $65. The stock continues to maintain a 5 technical attribute rating and ranks within the top half of the Autos and Parts sector matrix. From here, support now lies at $47, the bullish support line, as well as at $40 and $38.
CC The Chemours Company ($17.19) - Chemicals - CC fell to a sell signal Monday when it broke a double bottom at $16.50 and continued lower to $15.50. The outlook for the stock remains favorable as CC is a 4 for 5'er that ranks in the top quintile of the chemicals sector matrix. From here, the next level of support sits at $14.50.
HUM Humana Inc. ($178.01) - Healthcare - HUM inched lower to complete a double bottom break at $176, marking its third consecutive sell signal. The 0 for 5'er lost two signals in January after moving into a negative trend and reversing back into a sell signal against its peers. Additionally, the stock ranks near the bottom of the healthcare sector matrix. The weekly OBOS indicates that the stock is in oversold territory, so wait for a normalization of the 10-week trading band before selling your position. Initial resistance can be seen at $184, with additional resistance at $192.
IHG InterContinental Hotels Group plc (United Kingdom) ADR ($129.79) - Leisure - IHG broke a double bottom at $128 for a second sell signal since peaking at $150 in February. The stock continues to maintain a 5 technical attribute rating and ranks within the top half of the Leisure sector matrix. From here, support lies at $126, while additional can be found at $118.
JBHT J.B. Hunt Transport Services, Inc. ($215.60) - Transports/Non Air - Quite an interesting technical setup for JBHT with todays action. On one hand, the stock fell below the middle of the trading band and posted its first sell signal of 2026. On the other, the signal is setting up for a possible bullish shakeout pattern on its default chart, which you should watch out for at $220. Transports have picked up quite nicely recently, so having a list of possible ideas is probably a decent idea as we move into March. Depending on your risk tolerance, JBHT could be on that list with a positive reversal here.
MMM 3M Company ($152.39) - Chemicals - MMM fell to a sell signal and a negative trend Monday when it broke a double bottom at $150 and continued lower taking out additional support when it hit $148. The negative trend change will drop MMM to a 1 for 5'er. From here, the next level of support sits at $146.
SPG Simon Property Group, Inc. ($188.64) - Real Estate - Shares of SPG broke a double bottom at $190, ending its streak of three consecutive buy signals. The 5 for 5'er is still one to own but investors should watch for a potential move to a negative trend with it now testing the bullish support line. After that, further support starts at $182.
USAU U.S. Gold Corp ($17.57) - Precious Metals - USAU fell to a sell signal and a negative trend Monday when it broke a double bottom at $17. The negative trend change will drop the stock to unfavorable 2 5 for 5'er and USAU ranks in near the bottom of the precious metals sector matrix. From here, the next level of support sits at $15.50.
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This report is for Internal Use Only and not for distribution to the public. While we make every effort to be free of errors in this report, it contains data obtained from other sources. We believe these sources to be reliable, but we cannot guarantee their accuracy. Investors who use options should read the Options Disclosure Document before making any particular investment decision. Officers or employees of this firm may now or in the future have a position in the stocks mentioned in this report. Dorsey, Wright is a Registered Investment Advisor with the U.S. Securities & Exchange Commission. Copies of Form ADV Part II are available upon request.
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