Analyst Observations | Nasdaq Dorsey Wright

Comments include: BURL, SPHR, & VNOM.

BURL Burlington Stores, Inc. ($339.81) - Retailing - BURL broke a spread triple top at $336 for a second buy signal as shares moved above $340. The stock moved up to a 4 for 5'er earlier in June by flipping the trend back to positive. BURL maintains long-term market and peer RS and currently ranks within the top third of the Retailing sector matrix. Okay to consider here on the breakout or on a pullback to the mid $320s. Initial support lies in the $312 to $316 range, while the bullish support line resides at $296.

SPHR Sphere Entertainment Co. ($148.45) - Leisure - SPHR completed a shakeout pattern at $148, returning the stock to a buy signal, marking a new high, and clearing resistance at $146 that has been in place since May. The stock has been a 5 for 5'er since September 2025 and currently ranks within the top quartile of the Leisure sector matrix. Okay to consider here on the breakout. Initial support lies at $134, while additional can be found in the mid $120 to $130 range.

VNOM Viper Energy Inc. ($44.45) - Oil - After giving four consecutive buy signals, VNOM fell to a sell signal Thursday when it broke a double bottom at $44. The outlook for the stock remains positive, however, as VNOM is a 4 for 5'er. From here, the next level of support sits at $43.

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