Don't Ignore This Chart!

Here's A Medical Equipment Company With A Near Perfect Seasonal Track Record In October And November

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Over the past twenty years, Mettler Toledo Intl (MTD) has averaged gaining 23% per year, but that's not the most impressive performance stat for the company.  During the months of October and November, MTD has risen 85% and 95% of the time, gaining an average of 3.3% and 9.1%, respectively, during each of these calendar months.  Those aren't annualized returns, they're average returns for each month over the past two decades!  Check out the seasonality chart below:

The bullish performance during October and November really stands out for MTD, so it's no surprise that October 2017 has gotten off to another great start.  Here's the technical picture:

Following a strong uptrend in August and part of September, MTD consolidated for a couple weeks in a fairly narrow channel before breaking out to begin October - just in time for its seasonal period of strength.  While profit taking is to be expected, I'd look for the seasonal tailwinds to carry MTD to new heights over the next several weeks.

Happy trading!

Tom

Tom Bowley
About the author: is the Chief Market Strategist at EarningsBeats.com, where he provides stock market education, guidance, and trading strategies using a unique combination of technical, fundamental, and historical analysis. Tom provides EarningsBeats.com members with four portfolios (Model, Aggressive, Income, and Value), all designed to beat the benchmark S&P 500, and a revolving Watch List of hundreds of companies reporting strong quarterly earnings (must beat both revenue and EPS estimates) and exhibiting technical strength as well. These companies comprise EarningsBeats' annotated Strong Earnings ChartList (SECL), from which Tom trades exclusively. Tom writes a Daily Market Report (DMR) for members to include an executive summary, market outlook, sector/industry watch, and trading ideas. Learn More
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