Analyst Observations | Nasdaq Dorsey Wright

Comments include: CAVA, CCJ, FNV, & PAAS.

CAVA CAVA Group, Inc. ($81.54) - Restaurants - CAVA broke a double top at $82 for a third buy signal since February. The stock improved to a 4 for 5'er after seeing its peer RS chart give an RS buy signal in the latter part of February, and it is currently the top ranked stock within the Restaurants sector matrix. 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 in the $66 to $67 range.

CCJ Cameco Corporation ($120.32) - Metals Non Ferrous - CCJ returned to a buy signal Tuesday after successfully testing its bullish support line. Tuesday's move adds to a modestly positive technical picture as CCJ is a 3 for 5'er that and ranks in the top half of the non-ferrous metals sector matrix. From here, support sits at $108.

FNV Franco-Nevada Corp. ($262.67) - Precious Metals - FNV returned to a buy signal when it broke a double top at $268. Tuesday's move adds to a moderately favorable outlook as FNV is a 3 for 5'er. From here, overhead resistance sits at $284, while support can be found at $248.

PAAS Pan American Silver Corp ($61.42) - Precious Metals - After giving two consecutive sell signals PAAS returned to a buy signal. Tuesday when it broke a double top at $64. Tuesday's move adds evidence to an already positive technical picture as PAAS is a 4 for 5'er and ranks in the top half of the precious metals sector matrix. From here, support sits at $57.

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