Stocks This Week: Buy Symantec And United Technologies

The buy signal on the monthly S&P 500 cycle kicked in last week, raising the market as projected. The advance-decline line has hit a new high. Here are two long recommendations.

The Symantec weekly cycle turns up in this week. All six buy signals have proven profitable in the last year. Daily momentum has put in a series of higher lows since mid-July. The stock is likely to surpass its prior peak, rising to $26 and higher.

Chart 1

The Symantec weekly cycle points to higher prices.

The Symantec weekly cycle points to higher prices. 

Chart 2

Relative strength is superior.

Relative strength is superior. 

The weekly cycle for United Technologies turns up now. There have been five buy signals in the last twelve months and all have been effective. Relative strength has been strong, and daily momentum is bullish. The share price is likely to rise closer to $140.

Chart 3

This cycle bottoms now.

This cycle bottoms now. 

Chart 4

Momentum is constructive.

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