Analyst Observations | Nasdaq Dorsey Wright

Comments include: CBRL, HCC, RS, & VRT.

CBRL Cracker Barrel Old Country Store, Inc. ($55.76) - Restaurants - CBRL broke a double top at $56 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 follows the market RS chart reversing back into Xs on 10/2. Note the August rally high at $60. Initial support lies at $52, while the bullish support line resides at $45.

HCC Warrior Met Coal Inc ($93.02) - Oil - After giving three consecutive sell signals, HCC returned to a buy signal Monday when it broke a double top at $93, where it now sits against resistance. The outlook for the stock remains negative, however, as HCC is a 2 for 5'er and ranks in the bottom half of the oil sector matrix. From here, support can be found at $87.

RS Reliance Inc. ($412.48) - Steel/Iron - RS returned to a buy signal Monday when it broke a quintuple top at $408. Monday's move adds to an already positive technical picture as RS is a 5 for 5'er. From here, overhead resistance can be found at $432, RS's all-time high. Meanwhile, the first level of support sits at $384, a level from which RS has rallied four times since August.

VRT Vertiv Holdings LLC ($254.65) - Computers - Shares of VRT broke a triple top at $256 on Tuesday, moving back to a buy signal. That said, the 2 for 5'er moved back into a negative trend last month while it continues to lack near-term relative strength. Those with exposure could look to sell the name here, but it could move back into a positive trend with movement above the bearish resistance line at $272.

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