Analyst Observations | Nasdaq Dorsey Wright

Comments include: DAL, H, & THC.

DAL Delta Air Lines Inc. ($75.43) - Aerospace Airline - DAL broke a double top at $75 to return to a buy signal and penetrate the bearish resistance line, flipping the trend back to positive. The positive trend change will increase the stock up to a 4 for 5'er , and DAL currently ranks within the top third of the Aerospace Airline sector matrix. Okay to consider here on the breakout or on a pullback to the lower $70s. Note the February high at $76. Initial support lies at $68, the bullish support line, while additional sits in the mid to lower $60s.

H Hyatt Hotels Corp. ($176.88) - Leisure - H reversed into Xs and broke a spread triple top at $174 for a fourth buy signal since April as shares rallied to $176. The stock is currently a 5 for 5'er and ranks within the top half of the Leisure sector matrix. Okay to consider here on the breakout. Note the February chart high at $180. Initial support resides at $164, while additional can be found in the upper $150 to $160 range.

THC Tenet Healthcare Corporation ($179.78) - Healthcare - THC completed a double bottom break at $180, marking its second 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. A sell can be considered here. Initial resistance is at $190, with additional strong resistance at $200.

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