Patterson Companies Inc: Earnings before Wednesday’s open

Patterson Companies is a health care stock providing medical supplies primarily in the business of veterinary and dental products. 

As a provider of health care products will it manage to put in some gains? Typically, in times of a recession, health care products offer a defensive play as consumers still generally prioritise health care expenditure.  

Look at the seasonal pattern coming up. From June 26 through to July 30 the stock has gained 66% of the time for an average return of 1.45%.   

On the weekly chart price is running up to a key resistance level ahead of a period of seasonal weakness starting in August. Is that a potential dip worth buying ahead of the stronger seasonal pattern at the end of October. 

There are a few pronounced seasons patterns to be aware of ahead of the companies earnings before the open on Wednesday. 

Major Trade Risks: 
The main risk would be if the companies earnings are a major disappointment, but a deep dip could provide a longer term buying opportunity. 

Remember, don’t just trade it, Seasonax it!