The coming week is expected to be bullish for the market, with the S&P 500 likely to see higher quotes due to the post-holiday season and historical trends showing more frequent rises than declines over the past 50 years.
BJ Wholesale Club is also anticipated to see a rise in its share price, with the company entering into a stronger seasonal period. The stock has shown consistent growth over the last five years during the period from June 18th to September 10th. Additionally, both weekly and monthly cycles are on the rise, indicating positive momentum for the stock.
Breaking out of a two-year consolidation range, BJ Wholesale Club’s share price is showing signs of potential growth. Weekly momentum is demonstrating higher lows, while relative strength has been on an upward trend since late January. Daily momentum is looking constructive, with predictions indicating that the price could rise above $100 by the end of the year.
Hewlett Packard (HP) will be reporting its earnings this week, with expectations that the announcement will lead to buying activity. Unlike many other technology stocks that are currently overbought, HP shows signs of strength with higher lows in monthly momentum. The breakout from a two-year formation, along with the reversal of a two-year downtrend in relative strength, suggests that the shares could rise towards $40 by the end of the year.
HP, formerly known as Hewlett Packard, offers a range of products and services in the personal computing, digital access devices, imaging and printing sectors. The company’s performance in the market is expected to be positive, with the cycles indicating that the earnings report will trigger buying activity.
Overall, both BJ Wholesale Club and HP are showing signs of growth potential in the coming weeks, with bullish trends predicted in the market. Investors may want to consider these stocks for potential opportunities for profit.
