Wave 5 up of Major Wave 3 continues while we are in a 4 week consolidation window for the SP 500. Our targets originally were 2443 which we laid out in late March with 2476 a "perfect top" as we said back then. So far the high around 2456 so still 20 points off the 2476 zone. Given the rotational strength of the markets it would appear that the odds favor a further rally upwards. We will be closing out the 2nd quarter of trading this week so often you will see some shuffling of the decks as money managers...
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YIN which rallied 70% over a few months and we took profits, and NBEV which rallied 100% in 4 weeks.
AQMS at 8.80 we said would be next to explode in September, the high was 22 in March.
We also recommended MOMO near $21 with a $40 target in November 2016, hit $40 recently in April.
800% Gain for SR Members on our STRP buy report in 20 months!
AT and T recently announced an acquisition of Straight Path Communications (STRP) which we wrote a full research report on in July 2015 at $28 a share. Since then the stock has come under a bidding war between Verizon and AT and T and is up to $225 per share as of May 10th 2017!
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