Medtronic (NYSE:MDT) is at the top of the Demand Buy signals list shown below. MDT is in our Beat The Index model portfolio, so we expect to see high Demand in this stock.
As you can see in the SID column, MDT has our most important Buy signal, an overall fundamental/technical grade of 91 out of 100. In the D:S column you can see the green coded D7 out of 9 Buy Signal.
In addition our two 20-day bar charts are mostly green showing the recent demand driving price higher. “Stocks in demand go higher!” That’s our KISS approach. Of course our system is much more elegant than that. You can see the elegance by going to the Implied Return column where our computer is estimating an 18.1% Return. Also in the Fund column you see our +Buy Signal color coded green.
With all the green showing, you know why MDT is in our model portfolio. As for the other stocks on the list, you can see the reversals from red Sell signals to green Buy signals or black Hold signals. We have to check out the news to find out what is creating the reversal. Plus we have to see the MDT signals before putting it in the model portfolio.
Portfolio managers are always interested in reversals, so they can catch the beginning of any move up. Our Demand Buy Signal is useful in catching reversals. These reversal stocks require more research.
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Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in Any of these over the next 72 hours.
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