EarningsBeats.com Digest for November 6, 2020
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"Sneak Preview: Top 10 Stock Picks" Webinar
Monday, November 9th, 4:30 pm EST
Just a reminder that EarningsBeats.com Chief Market Strategist Tom Bowley will be conducting a webinar next Monday where he will be discussing what will be covered during the Top 10 Stock Picks webinar on November 19. This will include the methodology he uses when selecting the stocks for each of our 4 portfolios, 40 stocks in all. In addition, Tom will be discussing performance of each of the portfolios to date. As a member of the EarningsBeats.com you are
invited to attend this event and will receive room instructions prior to the start of the webinar. Hope to see you there!
For more information concerning this event, please click HERE.
Seasonal Tailwinds Not Hurting This Specialty Finance Company
Among our 20 November seasonal winners that we included in our ChartList for EarningsBeats.com members was MSCI, Inc. (MSCI), a $34.6 billion specialty finance company. It broke a downtrend to open the month and hasn't looked back since. It may soon struggle, however, because several of its relative strength panels are nearing overhead resistance. Pulling back would be considered normal technically:
Thursday's close does represent an all-time high close, so if it does pull back, it'll likely represent a great opportunity for entry. Price support should be felt initially at 395. If that support is lost, look to the rising 20 day EMA, currently at 363, but that moving average will be rising quickly. Volume has surged the past two days, indicative of institutional accumulation. That's an important development, because if there was one
negative on this chart, it was the AD line at a 9-month low in mid-October. From a seasonal perspective, MSCI loves November, having climbed an average of nearly 8% in November alone over the past 14 years.
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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