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This is option expiration week in the month of October. The S&P has generally risen in such weeks, but has tended to be down in the following week.
October has been the strongest month for the share price of Manhattan Associates MANH . The stock has risen 65% of the time over the last 25 years. The average rise has been quite high, 8.7%. From October 10th to November 6th, the stock has risen 72% of the time. The company is due to report on the 25th. The announcement is likely to be met with buying. The $215 area is a reasonable target.
Manhattan Associates Daily
Relative Strength has been strong.
Cycles Research Investments LLC
Manhattan Associates Monthly Expected Return
October has been the strongest month.
Cycles Research Investments LLC
Adobe ADBE has also been strong in October, up 71% of the time for an average gain of 6%. From the 10th of this month to November 16th, price has risen 75% of the time. The stock has been in a trading range. The stock will likely reach $580 or higher by November.
