5 Trade Ideas for Monday: Alcoa, American Tower, Cigna, Gardner Denver and Waste Connections

Alcoa, Ticker: $AA

Alcoa, $AA, has been on a two year path lower with a few consolidations along the way. In October it made a higher low in this path and then started higher on big relative volume. The RSI is climbing in the bullish zone with the MACD crossed up and positive. Look for continuation to participate…..

American Tower, Ticker: $AMT

American Tower, $AMT, was in a steady rising trend until it accelerated to a top in September. It pulled back from there through the 50 day SMA and has been consolidating under resistance. The RSI is rising in the bullish zone with the MACD moving higher and positive. Look for a push over resistance to participate…..

Cigna, Ticker: $CI

Cigna, $CI, has been bouncing along forming a bottom since April. It ended last week making a higher high, a possible reversal. The RSI is rising and bullish with the MACD moving higher and positive. Look for continuation to participate…..

Gardner Denver Holdings, Ticker: $GDI

Gardner Denver Holdings, $GDI, moved from a December low to a peak in May. It pulled back from there to a bottom in early September and bounced. Another test there and it is rising again. The RSI is rising in the bullish zone and the MACD is positive and moving up. Look for continuation to participate…..

Waste Connections, Ticker: $WCN

Waste Connections, $WCN, moved form a December low to a top in July. It pulled back from there and has been consolidating under resistance. Friday it broke through. The RSI is rising in the bullish zone with the MACD lifting and positive. Look for continuation to participate…..

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