Analyst Observations | Nasdaq Dorsey Wright

Comments include: ALB, DELL, & DRI.

ALB Albemarle Corp ($185.58) - Chemicals - ALB returned to a buy signal Monday when it broke a double top at $182. Monday's move adds to an already positive technical picture as ALB is a 5 for 5'er that ranks near the middle of the of the favored chemicals sector matrix. From here, the next level of resistance sits at $204. Meanwhile, support can be found at $172. ALB is expected to report earnings on 5/6.

DELL Dell Technologies Inc Class C ($187.74) - Computers - DELL pushed higher Monday to break a double top at $190, marking a second consecutive buy signal and new all-time high. This 5 for 5'er moved to a positive trend in February and sits near the top of the computers sector RS matrix. The weight of the technical evidence is favorable and continues to improve. However, DELL is entering overbought territory. Initial support can be seen at $178 with further support at $156.

DRI Darden Restaurants, Inc. ($189.79) - Restaurants - DRI broke a triple bottom at $190 for a second sell signal and to violate the bullish support line. The breakdown will shift the trend to negative and drop the stock down to a 3 for 5'er with positive attribution coming from mostly long-term RS buy signals versus the market and its peer group. Initial support now lies at $184, while additional lies in the low to mid $170s.

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