Analyst Observations
Published: July 16, 2026
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.
Comments include: CBT, CFG, CSCO, HUM, HWKN, REG, & SMG.

 

CBT Cabot Corp ($91.00) - Chemicals - After successfully testing its bullish support line, CBT returned to a buy signal Thursday when it broke a double top at $92. Thursday's move adds to an already positive technical picture as CBT is a 4 for 5'er that ranks in the top decile of the chemicals sector matrix. From here, support sits at $82.
CFG Citizens Financial Group Inc ($74.17) - Banks - While overbought, CFG continues to flex its muscles so far in 2026. Having posted a string of 3 consecutive buy signals on its default chart with action on 7/16, the perfect 5/5'er remains a high RS option moving through July. It ranks within the top 20 of the banks sector matrix at the time of this writing. Support sits nearby at $68, just above some old resistance from earlier on this year.
CSCO Cisco Systems, Inc. ($109.34) - Computers - Shares of CSCO broke a double bottom at $110, moving to its first sell signal since February. That said, the 5 for 5'er has traded in a positive trend since 2024 and still displays market and peer relative strength, keeping it as a name to buy for now. From here, initial support is found at $91 then $86, with the bullish support line also at $86.
HUM Humana Inc. ($392.11) - Healthcare - HUM inched higher to complete a double top break at $416, marking its ninth consecutive buy signal and a new multi-year high. The 5 for 5'er gained one point last month after reversing back into a buy signal against the market. Additionally, the stock ranks in the top decile of the healthcare sector matrix. The weekly OBOS indicates that the stock is in overbought territory, so wait for a normalization of the 10-week trading band before considering. Initial support is at $392, with additional support at $356.
HWKN Hawkins Chemical Inc ($142.03) - Chemicals - HWKN gave an initial buy signal Thursday when it broke a double top at $144. Thursday's move adds to a modestly positive technical picture as HWKN is a 3 for 5'er. From here, the next level of resistance is HWKN's bearish resistance line at $164. Meanwhile, support can be found at $132.
REG Regency Centers Corporation ($82.19) - Real Estate - REG rose Thursday to break a spread triple top at $82, notching a fourth consecutive buy signal and new multi-year high. This 3 for 5'er moved to a positive trend in January and sits in the top half of the real estate sector RS matrix. The weight of the technical evidence is mixed but improving. Initial support is seen at $77 and $76.
SMG The Scotts Company ($74.53) - Chemicals - SMG was up more than 9% on Thursday and returned to a buy signal when it broke a double top at $70. The outlook for the stock remains negative, however, as even SMG is a 2 for 5'er. From here, SMG shows no further overhead resistance until $93, its 2025 high.
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DISCLOSURE

This report is for Internal Use Only and not for distribution to the public. While we make every effort to be free of errors in this report, it contains data obtained from other sources. We believe these sources to be reliable, but we cannot guarantee their accuracy. Investors who use options should read the Options Disclosure Document before making any particular investment decision. Officers or employees of this firm may now or in the future have a position in the stocks mentioned in this report. Dorsey, Wright is a Registered Investment Advisor with the U.S. Securities & Exchange Commission. Copies of Form ADV Part II are available upon request.
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