Stocks This Week: Buy Apple And Microsoft

Photo by Josh Edelson / AFP

AFP via Getty Images

These recommended stocks have been selected from the Cycles Research Long-Short Equity Report. This strategy selects stocks based upon cycles and relative strength. The stocks featured below were derived from this screen. The stocks also show technical strength and have entered favorable phases in their respective price cycles.

Apple
AAPL
has ascended out of a triangle formation, projecting a price over $180. Momentum shows a series of higher lows and relative strength has been strong from the beginning of the year. The daily cycle is supportive. The last sell signal failed, a positive development, and a buy signal is imminent.

Apple Daily Graph

Apple is ready to move higher.

Cycles Research Investments LLC

Apple Daily Cycle

The daily cycle bottoms soon.

Cycles Research Investments LLC

Microsoft
MSFT
is also in a favorable seasonal and relative strength position. From April 14^th through July 17^th, the stock has rallied about 73% of the time. The daily picture below is a constructive one. The breakout implies a price over $300, supported by favorable momentum. The weekly cycle has turned up.

Microsoft Daily Graph

The stock has broken out and is on support, setting up a favorable reward/risk ratio.

Cycles Research Investments LLC

Microsoft Weekly Cycle

This dynamic cycle projects a strong April.

Cycles Research Investments LLC

Source: https://www.forbes.com/sites/greatspeculations/2023/04/04/stocks-this-week-buy-apple-and-microsoft/