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Building to a Breakout (EXP)

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AUG 31 2023
 
   
SCOTT WELSH’S TICKER TALES
Fly Like An Eagle?
 
 
With all the talk about tech and AI, it’s easy to overlook some very hot stocks in some very hot sectors.

One of the top 20 hottest groups in the world is…the building sector?

Crazy, but true.

Specifically, EXP (Eagle Materials) has been on a great run in recent months.

See the chart here:
 

It’s gone from $143 to $190 in 2023 and has risen a lot more since it formed a double bottom back in September of ‘22. 

Recently it’s taken a small break, going sideways and forming a tight little channel. 

But it’s above the long-term simple moving average and a break above $194.05 could lead to a nice run.

Especially if September isn’t as bearish as August was.

We’ll keep it on our radar.

We’ll keep an eye on it.

— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

 

 
 
MICAH LAMAR
Apple's Magic Touch: More Than Just Products
 

A few days ago, I gave you a heads-up about an Apple event scheduled for September 12th.

We speculated, we wondered, and we hoped. Well, folks, the wait is over.

Apple has officially pulled back the curtain, and they're premiering a new lineup that's bound to make waves.

But let's take a step back from the nitty-gritty of product specs and talk about Apple itself.

This is a company that's always had its finger on the pulse of what consumers want, often before we even know we want it.

From the iPod that transformed music, to the iPhone that changed communication forever, Apple has consistently been at the forefront of tech revolutions.

Every time Apple announces something new, it's not just about the gadget. It's about the experience, the lifestyle, and the way it seamlessly integrates into our daily lives.

They don't just create products… they craft experiences.

It's this deep understanding of consumer desires, combined with top-tier innovation, that keeps Apple at the pinnacle of the tech world.

This upcoming launch is no different. While the buzz is all about the new phones, what's truly remarkable is Apple's unwavering commitment to pushing boundaries.

They're not just launching another phone — they're setting the stage for the next wave of tech experiences. It's this vision, this drive to always be a step ahead, that has solidified Apple's place in tech history.

Now, as we gear up for September 12th, it's not just about the products they'll unveil.

It's about the statement they're making: that Apple is, and always will be, a beacon of innovation. They're not just in the tech business — they're in the business of understanding us, the consumers.

And while we're on the topic of understanding, if you're curious about how Apple's innovations impact its stock, I've got a treat for you.

I've been diving deep into AAPL's stock movements for over a decade, uncovering patterns and rhythms.

All my studying has surfaced something almost no one knows about; Apple’s stock goes through “profit cycles” … and I’ve discovered how to play them.

Want to know more? One of my colleagues is holding an event tonight at 8pm Eastern. Click here to join the LIVE room, it’s already open. It’ll get started at 8pm Eastern.

— Micah Lamar

   
 

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