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Stocks This Week: Buy PayPal And Idexx Labs

The S&P is at 4180 currently in the range projected from the last breakout, 4100 to 4300. Price is in the topping range and May is seasonally weak. The April-May EOM period of strength runs from April 29th through May 6th. The bottom line is that the short-term cycles are likely to support a higher S&P into May 6th. After that period, the risk increases, and the US indices will be more vulnerable. There are highs in the cycles, daily on May 12 (70% accurate) and weekly on May 9 (50% accurate). The 29th is likely a high.

The PayPal
PYPL
daily cycle hits a low on the 28th, and tops on May 5th. All eleven buy signals have made money in the last year. April and May have been the two strongest months in which to hold the stock, up 80% and 70% of the time based upon a short history. The last week in April has been one of the strongest intervals in this bullish month. The shares could reach $280-$285 or higher.

Chart 1: PayPal Daily Cycle

Chart 2: PayPal Daily Graph 

The daily cycle hits a low and has been correct in all thirteen cases in the last year. The cycle tops on May 12th. April-May has been a strong period for the stock, especially in the first week of May. The $575-$600 area is a reasonable objective.

Chart 3: -Idexx Daily Cycle

Chart 4: -Idexx Daily Graph

 

 

 

 

 

 

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