CNBC’s Jim Cramer on Tuesday broke down a seasonal trading pattern in retail stocks that he thinks investors should be privy to.
The “Mad Money” host reviewed stock analysis from noted technician Larry Williams, who took past trades into account to plot which way the stocks of Costco, Amazon, Walmart and Shopify could move during the early days of spring.
“If history’s any guide, Williams is betting that a rising April tide will be able to lift all retail ships,” Cramer said.
Each of the stocks is down on the year except for Shopify, which is trading 2% higher. Costco is down 10% so far this year after climbing 28% in 2020.
These retail-oriented stocks are in a position to climb higher,…