Tweet This
In the past week, two of three long recommendations rose in a weak market. Here are a quartet of trading projections for this week, two long and two short.
Tractor Supply operates rural lifestyle retail stores in the United States. There is a buy signal projected for May 22nd. Over the last 12 months, the buy signals have been correct 82% of the time. The stock is relatively strong versus the market. An objective in the $75 area or higher is likely.
Chart 1
Chart 2
Dollar Tree is an operator of discount variety retail stores in the United States and Canada.
The stock has been weak relative to the market. On the 22nd, there is a cycle downturn. In addition, the period from the 22nd through the 24th has seasonally been weak, up only 38% to 47% of the time. The high $80 area is a reasonable target. Close short positions by the end of the week. The company reports on the 31st. Cycles indicate that the report is likely to be met with buying.
Chart 3
Chart 4
The AKAMI cycle ascends this week.Akamai Technologies provides cloud services for delivering content over the internet. The stock shows a cycle low and a buy signal on the 21st. The stock is in a strong group and has superior relative strength versus the Nasdaq 100. In the past year, 73% of the buy signals have been profitable. The stock may rise close to $80.
Chart 5
Chart 6T-Mobile US provides mobile communications services. The stock has been relatively weak.
There is an imminent cycle peak now. Note that 100% of the 5 sell signals in that past year have been profitable. The stock is likely to fall to the lower $50 area.
Chart 7
Chart 8