The cues have stacked up to take defensive action in portfolios during this normally week mid-May period for stocks.
*** 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 13th to August 10th
- The stock is within a long-term rising trend, but evidence of upside exhaustion suggests a weak start to the optimal holding period. Ideal risk-reward entry point around a 10% band of the 20-week moving average ($194 to $220). An alleviation of the overbought state seems likely in the near-term.
- The electrification play has seen revenues and net income rise year-over-year and it remains poised to benefit from the AI infrastructure buildout
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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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