Stocks This Week: Buy Express Scripts And Short General Electric – Forbes

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Source: API

The S&P rose last week but is likely to fall in the coming week. There is one long and one short recommendation for this week.

Express Scripts weekly cycle is graphed below. There is a buy signal on the 18th. All of the eight buy signals were profitable in the last year. In the next week, the stock could reach $93.

The more intermediate price objective from the last breakout is $97.

Chart 1

The weekly cycle has bottomed.Cycles Research Investments LLC

Chart 2

The stock is likely to move up.Cycles Research Investments LLC

The General Electric weekly cycle tops now and falls into the 20th. The next buy signal is on October 5th. Ten of the last eleven short signals have been successful in the trailing 12 months.

Over the last 38 years, this stock has fallen 63% of the time from September 16th through October 4th. Thus, the overall market direction, the dynamic weekly cycle and the seasonal cycle confirm on the downside. The stock could make a new low near $12.

Chart 3

This weekly cycle has topped.Cycles Research Investments LLC

Chart 4

GE is likely to decline.Cycles Research Investments LLC