Defensive leadership emerging, aligning with seasonal norms.
*** 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:
Subscribers Click on the relevant link to view the full profile. Not a subscriber? Signup here.
Stock Highlight:
|
|
- Optimal holding period from May 20th to September 6th
- The stock recently broke above a cup-and-handle pattern with the move above resistance at $21; the setup proposes an upside target of $25. Stop loss appropriate at the 20-week moving average (20.58)
- Despite the headwinds that are growing for REITs amidst the rising cost of borrowing, this typically more defensive segment of the market that flourishes at this time of year has shown a certain level of resilience. So long as this resilience persists (as the technicals suggest), exposure to this name and the broader REIT sector can be deemed appropriate.
|
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
This content is exclusive to subscribers of EquityClock.com. Please Log In or Subscribe to proceed.
