The 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 weekly price cycles.
Snap-on SNA manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions. The share price has sold off into the cycle sell date below. Over the last year all 12 buy and sell signals have been profitable. The stock has been trading in a range since May of 2021. Relative strength has been rising since January of 2022. The stock is projected to rise into the $235-$248 range from its $228.71 close on Thursday.
The company is due to report results on April 20th. A concentration of short cycles suggests that the report will be met with buying.
Snap-on Weekly Cycle
This reliable cycle is bottoming.
Cycles Research Investments LLC
Snap-on Weekly Graph
Relative strength has been strong.
Cycles Research Investments LLC
NVIDIA DIA provides graphics and networking solutions. This stock is also in a favorable seasonal and relative strength position. From April 26th through June 5th, the stock has rallied about 67% of the time. The dynamic weekly cycle bottoms this week. Four of the last five weekly buy signals have been profitable over the last year. The shares could reach the $280-$290 range by early May.