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In an early April posting, Snap On Incorporated was recommended as a buy. One of the key determinants was the weekly price cycle which has been accurate on all 11 buys and sell signals over the last year. The cycle points to a weak May-June. This will also likely be a weak period for the S&P. This stock is likely to give back profits to the the $230-$240 area.
Snap On Weekly Cycle
Snap On Daily Graph
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This article was written by Follow Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future...
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