Stocks This Week: Buy PulteGroup And Sealed Air

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The performance of the S&P in the coming week may very well reflect the prior week. In the new week  the S&P is likely to be flat or down. The 29th is a projected turning point and is the beginning of the April-May period of end-of-month (EOM) strength. That date is likely to be the next short-term low.

The weekly price cycle for PulteGroup bottoms now. In the last year, eight of nine buy signals have been profitable. The three-up chart that is below the cycle graph depicts the daily, weekly and monthly technical action. The top strip in each time frame is the closing price, the middle strip is a momentum measure and the bottom strip is the relative strength versus the S&P 500. The weekly section shows higher lows in momentum. The monthly section depicts an upturn in momentum and a long relative strength base. The stock may reach $32-$33 by the time of the next cycle peak on May 11th.

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The weekly cycle for Sealed Air has bottomed. All seven buy signals have been successful in the last twelve months. The stock could rally to $46.9-$47.0 by the projected cycle peak on May 7th. The monthly price graph is constructive. The momentum oscillator is oversold and has turned up. Relative strength has broken a three-year downtrend. This suggests continued outperformance through 2019.

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