S&P 500 testing the 20-week moving average, providing a critical test to the intermediate-term trend.
*** 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 12th to July 5th
- While the stock has shown a strained, underperforming, trend for years, the revelation of a pronounced bottoming pattern (head-and-shoulders setup) heading into its period of seasonal strength provides something to latch onto; Stop loss appropriate at the prior week’s low of $1.15
- The clinical-stage immuno-oncology company has seen a sharp rise in its price this week as a result of renewed optimism of its clinical-stage T-cell therapy program
- *Note* – Biotechnology penny stocks, like this, are highly volatile and due consideration of the risk tolerance of the investor is prudent
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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.
Super Simple Seasonal Portfolio
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