September has the potential to be a strong month for a select group of stocks, as they exhibit characteristics often associated with a bullish price chart pattern. Despite a slow start to August, stocks managed to rebound and end the month with gains across all three major indexes. By the end of August, the S & P 500 had seen a 1.9% increase, while the Dow Jones Industrial Average and the Nasdaq Composite had added 1.5% and 0.2%, respectively. These gains were supported by positive economic indicators, such as the Federal Reserve’s expectations of lowering interest rates at its next policy meeting on September 18th.
Among the stocks showing promise for a bullish run is Clorox, which has recently shown signs of forming a golden cross chart pattern. This pattern occurs when a stock’s 50-day moving average crosses above its 200-day moving average, with the 200-day moving average sloping upwards. Clorox has also displayed strong performance, with shares up more than 20% in the past month. The company’s defensive nature and appealing dividend yield make it an attractive option for investors looking for stability in uncertain economic conditions.
Another stock to watch is Teleflex, a specialty medical device company that has seen a 19% increase in its stock value over the past three months. With its 50-day moving average approaching its 200-day moving average, Teleflex has the potential for further growth. Strong earnings performance and positive analyst outlook have contributed to the stock’s upward trajectory, making it an interesting option for investors looking for growth potential.
Crown Castle, a real estate investment trust, and Match Group, an online dating platform, are both showing signs of a golden cross pattern. Despite a slight pullback in 2024, Crown Castle has seen a 12% increase in the past three months, while Match Group has soared close to 24% in the same period. Positive earnings reports and exceeding revenue expectations have fueled investor confidence in these companies, making them worth watching for potential growth opportunities.
Lastly, Prologis, a warehouse real estate investment trust, has surged more than 18% in the past three months. The company’s strong performance reflects the growing demand for warehouse space in the current economic landscape. With a solid track record and promising growth prospects, Prologis is positioned as a solid investment option for those looking to capitalize on the e-commerce boom.
These stocks represent a mix of defensive plays, growth opportunities, and emerging leaders in various sectors. By carefully analyzing the potential bullish patterns and considering the overall market conditions, investors can make informed decisions to optimize their investment portfolios for a potentially strong September and beyond.