Stocks This Week: Sell Short Mattel And Buy Cisco

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Photocredit: Getty

Getty

The weekly price cycle of Mattel tops now. Eight of the last ten sell signals have been successful. August has been a weak month for this stock, rising only 41% of the time. From late July to August 18th, the stock is likely to pull back to the $12.75-$13.00 range.

Chart 1

This cycle tops now.

Cycles Research Investments LLC

Chart 2

The shares are due to fall.

Cycles Research Investments LLC

The Cisco weekly price cycle bottoms later this week on July 31st. All eleven of the buy signals have been profitable in the last year. The daily graph shows higher lows in momentum, a constructive sign. The share price is likely to rise to the $60 area or higher.

Chart 3

This reliable cycle will give a buy signal.

Cycles Research Investments LLC

Chart 4

The daily momentum oscillator shows higher lows.

Cycles Research Investments LLC

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