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Stocks This Week: Buy Moodys And Bed, Bath, And Beyond

The expected downside target was met in a single day on Monday. On the following day, the S&P was so strong that it generated a bullish thrust signal. I suspect that prices will rise again in the coming week. Here are a pair of short-term buy recommendations.

Moodys
MCO
is likely to rally in the coming week. The daily cycle bottoms on the 25th. This cycle has been correct in all nine instances in the last year. July has been a strong month, closing higher 67% of the time.   

Most of the gains have come in the first 2 days of the week in the past; the shares have a tendency to weaken as the week progresses. Take profits early. The target area is $385-$390.  

Chart 1: Moodys Weekly Cycle

Chart 2: Moodys Daily Graph

Bed, Bath and Beyond
BBBY
shares are likely to rise. The weekly cycle turns up on the 27th and tops on August 17th. Four of five buy signals have led to profits in the last year. The difference between this stock and weekly buy signal on other stocks is that the magnitude of the profits has been substantial. In fact, this stock ranks number three in the entire S&P 500 in that category. The stock is likely to rally closer to $35 or higher.

Chart 3:  Bed, Bath And Beyond Weekly Cycle

Chart 4: Bed, Bath And Beyond Daily Graph 

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