Abbott Labs, Ticker: $ABT
Abbott Labs, $ABT, rose out of consolidation in June and ran to a top at the back end of July. It pulled back from there to find support in mid-August. Now it is moving higher with the RSI rising through the mid line and then MACD crossed up and about to turn positive. Look for a continued push higher to participate…..
Danaher, Ticker: $DHR
Danaher, $DHR, ran from a December low to a high at the beginning of July. Since then it has been consolidating. Friday saw it push back to that high with the RSI rising into the bullish zone and the MACD moving to positive. Look for a push to a new high to participate…..
Alphabet, Ticker: $GOOGLWealth Strength IndexGOOGL is Moderately Up and trending Up
Alphabet, $GOOGLWealth Strength IndexGOOGL is Moderately Up and trending Up, made a high at the end of April and then immediately gapped lower. It found support after a second gap down at the beginning of June and started higher. A third gap, this time to the upside, sold off until it was closed and then the stock consolidated. Last week it started to lift out of that consolidation. The RSI is holding in the bullish zone with the MACD crossing up and positive. Look for continuation to participate…..
Visa, Ticker: $V
Visa, $V, had a strong run higher form a December low to a peak in July. Since then it pulled back and now has slowly retraced the drop. Now it is at making a new all-time high with the RSI rising in the bullish zone and the MACD moving up. Look for continuation to participate…..
YUM Brands, Ticker: $YUM
YUM Brands, $YUM, rose out of a drifting consolidation in March and continued to an April top. It retraced to the 50 day SMA and then started a move that took it to the August high. It has consolidated since and Friday moved back to the high. The RSI is rising in the bullish zone with the MACD crossing up and positive. Look for a new high to participate….
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