By Doug Busch
In the ever-evolving stock market, where yesterday's darlings can swiftly become today's forgotten relics, savvy investors are rediscovering the potential of revisiting former picks.
Former market favorites can find new life. One such example from the unsettled software space stands out this week. When the technicals support the narrative, the signal becomes especially compelling.
This week we revisit:
-- Progress Software, introduced by Dan Victor in October. -- Crown Holdings, covered by Todd Chanko in November. -- OneSpaWorld Holdings, reported by Dan in October.
This is a weekly column. Read last week's edition here.
Progress Software
The stock has fallen 5% since our recommendation but demonstrated notable relative strength last week, rising 5% while the iShares Expanded Tech-Software ETF fell 9%. That outperformance has been consistent over the past month, with PRGS up 4% as IGV has declined 19%.
Looking at the stock's daily chart reveals some green shoots. The very round $40 level has held multiple times since a bullish hammer on Sept. 25, while a doji candle on Jan. 5 suggests selling pressure has exhausted itself and the risk/reward is now skewed to the upside.
Additional confirmation comes from the successful hold of the Jan. 20 gap fill, the day before a 12% earnings reaction. More recently, the stock has reclaimed both its upward sloping 21-day exponential and 50-day simple moving averages. A firm bottom now appears to be in place. Investors can enter at current levels and look for a move toward $55 by mid-2026, corresponding to a 26% gain from current prices, while remaining bullish above $39.
Progress Software was trading around $42 Wednesday.
Crown Holdings
The consumer staples stock has delivered a solid 26% return over the past year, nearly triple the gain of the State Street Consumer Staples Select Sector SPDR ETF. Last week, Crown jumped 8% following a strong earnings report, breaking out after five consecutive weeks of exceptionally tight closes, all within just 1% of each another. The stock has risen by 13% since our recommendation.
Looking at the daily chart, one can see the breakout above a cup with handle pivot at $106.88 on Feb. 2, a pattern that began with the bearish dark cloud cover candle on Jan. 6 and took six months to form. As the saying goes, the longer the base, the greater the potential for success.
Notably, the very round $90 level marked the depth of the cup on Oct. 14, and provided the gap fill from April 28 that had coincided with a prior double bottom breakout. The stock is now comfortably above both its 21-day exponential and 50-day simple moving averages. Enter here, and look for a move toward $129 by mid-2026, a potential gain of 16% from current levels, while remaining bullish above $104.
Crown Holdings was trading around $112 Wednesday.
OneSpaWorld
The consumer discretionary stock is up 8% year to date, double the gain of the State Street Consumer Discretionary Select Sector SPDR ETF. The stock now trades just 5% below its most recent 52-week high and, on the weekly chart has carved out a bullish ascending triangle pattern. The stock has advanced 5% since our recommendation.
Looking at the daily chart, Monday's large volume reflects its addition to the S&P SmallCap 600 Index. Since August, the stock has largely traded sideways following a 64% run up from April. It is now on a five-session winning streak and sits right at a double bottom pivot of $22.46. That base began with a doji candle on Oct. 31, which kicked off a 12 session decline that saw the stock lose 15%.
Investors can consider entering here, targeting a move toward $32 in the second half of the year, a potential gain of 42%, while remaining bullish above $20.50.
OneSpaWorld was trading around $22 Wednesday.
Looking back at these three picks, it's clear that disciplined analysis and conviction can turn smart ideas into real opportunity.
Doug Busch is the senior technical analyst at Barron's Investor Circle . His technical view is added to stock picks, including those published exclusively for Investor Circle readers. A glossary of technical terms is updated regularly with new entries.
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 11, 2026 23:07 ET (04:07 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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