Stocks For This OPEX Week: Buy Zebra Technologies

Photographer: Stephanie Keith/Bloomberg

This coming week is options expiration week (OPEX) in April. This week has a bullish influence as can be seen in this histogram of expected return for OPEX week only in the month of April. The data is the daily S&P 500 from 1985.

S&P Behavior in OPEX Week in April

This week has a bullish flavor.

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Some stocks, such as Microsoft
MSFT
which was reviewed two weeks ago, are strong in this week. Zebra Technologies is such a stock. The share price has risen over 70% of the time in this week over the last 31 years. The histogram below reflects this strength.

ZBRA in OPEX Week in April

Zebra tends to rally in OPEX week in April.

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The weekly cycle confirms the OPEX week effect.

The weekly cycle rises.

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The stock could rally closer to $325.

The stock is likely to rally back to the prior high.

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Source: https://www.forbes.com/sites/greatspeculations/2023/04/17/stocks-for-this-opex-week-buy-zebra-technologies/