Analyst Observations | Nasdaq Dorsey Wright

Comments include: HCA, KR, NEM, & PSX.

HCA HCA Healthcare Inc. ($405.89) - Healthcare - HCA moved lower and completed a double bottom break at $416, marking its third consecutive sell signal. The 2 for 5'er moved down from a 3 with its latest move, after reversing back into a negative trend. Additionally, the stock ranks in the bottom half of the healthcare sector matrix. The weekly OBOS indicates that the stock is in oversold territory, so wait for the stock to normalize before selling your position. Initial resistance is at $448, with additional resistance at $512

KR The Kroger Co. ($70.96) - Retailing - After a series of sell signals, KR completed a bearish signal reversal at $70. The 4 for 5'er moved up from a 3 with its latest move after reversing back into a positive trend. Additionally, the stock offers a yield of 2.12%. Long exposure can be made here. Initial support and the bullish support line can be seen at $65.

NEM Newmont Corp ($104.54) - Precious Metals - NEM fell to a sell signal Tuesday when it broke a triple bottom at $106. Tuesday's move adds evidence to negative overall technical picture as NEM is a 2 for 5'er. From here, the next level of support is NEM's trend line at $102.

PSX Phillips 66 ($183.11) - Oil Service - CSX gave a second consecutive buy signal and returned to a positive trend Tuesday when it broke a spread triple top at $182. The outlook for the stock remains negative, however, as even with the positive trend change PSX is an unfavorable 2 for 5'er. From here, support can be found at $166.

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