Stocks This Week: Buy Discovery A And Home Depot

Here are a pair of stocks that are likely to outperform. Discovery Communications is generating a weekly buy signal now. Ten of the last thirteen buy signals over the last 12 months have been profitable. Note that the relative strength has been strong during the October decline. This stock is likely to rally back to the 32-33 resistance level by the first week in November. This is a longer-term recommendation for the remainder of quarter four. Home Depot has risen in 86% of all years since 1980 in this quarter. In November, the stock has risen 79.7% of the time for an average gain of 5.6%. In December, the stock has risen in 67.6% of all months for an average gain of 5.4%. These are the two strongest months of the year over the last 37 years.