EarningsBeats.com Digest for August 9, 2021
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Upcoming Earnings
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Seasonality: August
Our Monthly Seasonality ChartList is typically reserved for paid members at EarningsBeats. However, this month we're allowing all subscribers in our community to access the list. To find out which 20 stocks are among those that perform the best historically in August, click below.
Could This Defense Stock Be Poised For A Pre-Earnings Surge?
One of our ChartLists at EarningsBeats.com is our Raised Guidance ChartList (RGCL). I like to watch trading patterns for companies that have already provided guidance above expectations. Occasionally, we'll see a company provide great guidance, but then trade lower for a period of time. Then, as its earnings date approaches, the momentum
begins to build again. AMMO, Inc. (POWW) could be one such company:
It's been failing at its declining 20-day EMA over the past 3-4 weeks, but POWW reports its latest results on Monday, August 16th, so that leaves this upcoming week as an opportunity to extend the gains from last week. While the PPO remains in negative territory, we are seeing the PPO cross above its trigger line, which could be an early signal of a much bigger move. A move back down to clear the recent double bottom in the 6.70-6.80 area would
negate the recent bullishness, while a close above that 20-day EMA would add to it.
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Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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