Buy Bed, Bath And Beyond And Southwestern Energy

Buy Bed, Bath And Beyond And Southwestern Energy

Photocredit: © 2019 Bloomberg Finance LP

© 2019 Bloomberg Finance LP

The end-of-month period of strength kicks in from March 31 through April 5. Since 1915, the market has risen 64.4% of the time in this interval. Given the S&P 500 rise in the last week, the current bottoming of the 1.6-year cycle,the advance-decline line new high, plus the low in the 28-day cycle on Monday, the stock market is likely to rise in the next week. Here are two long recommendations. The Bed, Bath And Beyond weekly cycle bottoms on April 4th.  In the last year, eleven of twelve buy signals have been successful. The stock appears to be in a longer-term bottoming process. The stock gapped up in the last week and is due to rise further.

Chart 1

The weekly cycle bottoms soon.

Cycles Research Investments LLC

Chart 2

The $19.00-$19.50 level appears to be a reasonable target.

Cycles Research Investments LLC

On April 5th the weekly Southwestern Energy cycle bottoms. All six buy signals have led to profits in the last year for this low-priced stock. Relative price and momentum are both constructive.

Chart 3

This weekly cycle points to higher prices.

Cycles Research Investments LLC

Chart 4

The share price is likely to rise to the $5.40-$5.50 resistance area.

Cycles Research Investments LLC


Source link

About The Author

We are independent. we bring you the Real news from around the world.

Related posts

Leave a Reply