Analyst Observations
Published: May 8, 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: CAH, CALY, EXPE, MNST, & TXRH.

 

CAH Cardinal Health, Inc. ($183.80) - Drugs - CAH moved lower and completed a double bottom break at $184, marking its third consecutive sell signal. The 3 for 5'er lost two signals this month after reversing back into Os against both the market and its peers. Still, CAH is rated a hold, so wait before further technical deterioration and a normalization of the 10-week trading band before selling your position. Initial resistance is at $200, with additional resistance at $216.
CALY Callaway Golf Company ($17.61) - Leisure - CALY reversed into Xs and broke a double top at $16 for a fifth buy signal since November 2025 as shares rallied to $17.50. The breakout clears resistance in the upper $16 range that dates to 2024 and brings the chart to its highest level since August 2023. The stock has been at least a 4 for 5'er since June of last year and the stock ranks within the top quartile of the Leisure sector matrix. Okay to consider on a pullback to the mid $14 to $16 range. Initial support lies at $14, while the bullish support line sits at $13.50.
EXPE Expedia Group Inc. ($234.81) - Leisure - EXPE reversed into Os and broke a double bottom at $232 to return the stock to a sell signal as shares fell to $228. The move also violates the bullish support line, which will drop the stock down to a 4 for 5'er trading in a negative trend. Support lies at current levels, while additional can be found at $220 and $204.
MNST Monster Beverage Corp. ($85.78) - Food Beverages/Soap - Shares of MNST broke triple top and surged on earnings. The 5 for 5'er continues to be one of the strongest names in the consumer staples space. Today's action leaves the stock on a stem in overbought territory, so those looking to add should wait for consolidation or a pullback to the lower $80s. From here, initial support lies at $75 then $71, with the bullish support line also at $72.
TXRH Texas Roadhouse, Inc. ($179.79) - Restaurants - TXRH reversed into Xs and broke a double top at $164 as shares rallied to $182 on the chart. The move penetrates the bearish support line, flipping the trend back to positive and increasing the stock up to a 4 for 5'er. Okay to consider in the $170 to $180 range. Prior resistance at $174 may be seen as initial support, while the bullish support line sits in the mid $150s.
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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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