Analyst Observations | Nasdaq Dorsey Wright

Comments include: HWKN, MS, & PFGC.

HWKN Hawkins Chemical Inc ($156.57) - Chemicals - HWKN fell to a sell signal Thursday when it broke a quadruple bottom at $160 and continued lower to $152, where it now sits against its bullish support line. The outlook for the stock remains positive, however, as HWKN is a 5 for 5'er that ranks in the top half of the chemicals sector matrix. Beyond the bullish support line, additional support can be found at $146. Meanwhile, overhead resistance sits at $172.

MS Morgan Stanley ($195.46) - Wall Street - MS shares moved higher today to break a triple top at $196 to mark their third consecutive buy signal and reach a new all-time high. This 5 for 5'er has been in a positive trend since March and on an RS buy signal versus the market since June 2013. MS shares are trading near heavily overbought territory with a weekly overbought/oversold reading of 68%. From here, support is offered at $188 and $186.

PFGC Performance Food Group Co Formerly ($98.05) - Food Beverages/Soap - PFGC completed a double top break at $97, marking its second consecutive buy signal. The 3 for 5'er moved up from a 2 last month after reversing back into positive trend. Additionally, the stock sits in the top half of the food beverages/soap sector matrix. PFGC is still rated a hold, so continue waiting for further technical improvement before considering. Initial support is at $91, with additional strong support at $87.

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