The coming week is post-OPEX (options expiration week) in May. This has been one of the stronger such weeks among the 12 months of any year since 1985. A rally into the end of the month is expected.
Palo Alto reports after the bell on Monday. The stock is highly-ranked for relative strength and seasonality. The period from May through August has been a bullish stretch for this stock. Short-term cycles imply a positive reaction to the earnings announcement. Weekly, the momentum has turned up and the long-term relative uptrend remains intact. The monthly cycle is rising. Anticipate a share price closer to $355 over the coming months.
Palo Alto Daily, Weekly, Monthly
Palo Alto Monthly Cycle
Nordson also reports this week and it appears likely the report will be met with buying.
The monthly cycle is rising but is not overbought. Relative strength has not made a new low since November. Seasonality is favorable. From May 20th to September 19th, the shares have risen 68% of the time over 44 years. The monthly cycle has bottomed. The share price could rise to $290 into June.
Nordson Daily, Weekly, Monthly
Nordson Monthly Cycle
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