Market

Stocks This Week: Buy KLA Tencor And Starbucks

The S&P is likely to rise moderately this week. Here are a pair of buy recommendations.

KLA Tencor appears poised to move higher. The weekly cycle bottoms now; it has been correct on all six buy signals in the last year. In fact, the daily and the monthly cycles are also rising. The 27th, Monday, has been a very weak day. Buy at the end of the day. Price appears ready to move closer to $400.

KLA Weekly Cycle

KLA Daily Graph

The Starbux weekly cycle shifts into a buy mode on the 29th. Seven of the last eight buy signals have been profitable. At that time, the daily and the monthly cycles will also be in ascent. The 29th has been a down day over 70% of the time, so defer purchases until the end of the day. October has been a strong month for this stock, up 69% of the time for an average 4.4% gain. The stock could rise to $120-$125.

Starbux Weekly Cycle

Starbux Daily Graph

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