Software stocks are starting to derive the 50-day moving average as support after months of defining the hurdle as 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 May 4th to August 1st
- The stock has broken out above resistance at the October high within the past couple of weeks, bringing an end to a multi-month consolidation range: Stop loss appropriate at previous short-term resistance, now support, at $150
- The cloud networking solutions company has seen steady revenue, net income, and free cash flow growth, benefiting in this AI era
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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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