Market Rebound Meets Resistance.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. As always, the use of technical and fundamental analysis is encouraged in order to fine tune entry and exit points to average seasonal trends.
Stocks Entering Period of Seasonal Strength Today:
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Stock Highlight:
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- Optimal holding period from April 4th to June 23rd
- The stock has shown a steady rise since last spring, supported by levels around its 50-day moving average ($11.84); Stop loss appropriate below the mid-March low at $10.89
- The energy company has shown year-over-year contractions in both revenue and free cash flow, but net income has been increasing sequentially. More production of Oil in a higher for longer energy price environment would be a benefit to this midstream player.
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Disclaimer: Comments and opinions offered in this report are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered is believed to be accurate, but is not guaranteed.
Note: Friday is a holiday (Good Friday) and, with markets closed on this day, our next report will be released on Monday. Happy Easter!
Super Simple Seasonal Portfolio
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