EarningsBeats.com Digest for June 4, 2021
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It's that time of the year again! We're running our best deal on annual membership. Sign up by June 15th to receive 2 bonus months of membership!
Mark Your Calendar For Monday's Webinar!
"Preparing for Shocking Inflationary Data"
Monday, June 7th, 2021 at 4:30 pm EST
EarningsBeats.com's Chief Market Strategist Tom Bowley has been warning about spiking headline inflation data for the past few months. It's not likely to get any better when the May CPI and PPI reports are released on June 10th and June 15th, respectively. Tom will
discuss how stock market pros are prepping for a potentially volatile period ahead. Should you be making any changes to your portfolio? Get that answer and much, much more at this VERY timely event!
This is a FREE event available to all members of our community! Room instructions will be emailed the day of the event, and it will be recorded for those who are unable to attend live.
Upcoming Earnings ChartLists
Our ChartLists for this week's upcoming earnings are now available. You can access them by clicking below. If you like what you see, consider becoming a NO COST 30-day trial member with us to receive access to our member exclusive ChartLists.
Could June Trigger the Breakout in APA Corp?
Every little bit of bullishness helps, even if it's just past history. When we released our latest EB Monthly Seasonality Report to members in June, one stock included was APA Corp, an $8.8 billion energy company. Technically, it began improving back in late October after it printed a positive divergence:
After establishing a price high in early March, it consolidated for weeks, but it is now testing that price resistance level close to 23.50 again. Volume has been accelerating the past couple sessions, but the breakout hasn't yet been made. One piece of good news for the bulls, however, is its seasonal behavior. APA has risen in each of the past 5 Junes and 14 of the past 20, averaging approximately a 4% rise per June. Energy has been a
bright spot in the market in 2021, so there's much reason to believe that it's not if, but when, in terms of breaking out. While we must always respect key price support and resistance, June seems like a solid bet to result in a breakout here.
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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