5 Trade Ideas for Monday: Amgen, Celgene, CME Group, Phillips 66 and Skyline Champion

Amgen, Ticker: $AMGNWealth Strength IndexAAPL is Extremely Up and trending Up

Amgen, $AMGNWealth Strength IndexAAPL is Extremely Up and trending Up, bounced lower to a bottom in May. From there it started higher, stalling at another lower high. But it pulled back to a higher low and started up again. It ended last week at the prior bounce high. The RSI is in the bullish zone and the MACD rising and positive. Look for a push over resistance to participate…..

Celgene, Ticker: $CELGWealth Strength IndexAAPL is Extremely Up and trending Up

Celgene, $CELGWealth Strength IndexAAPL is Extremely Up and trending Up, rose off of the bottom at the 200 day SMA in February. It continued to a top at the end of June before a gap down. That ran to a higher low 2 weeks ago and reversed. Now it is back at resistance. The RSI is rising into the bullish zone with the MACD about to cross zero as i moves higher. Look for a push over resistance to participate…..

CME Group, Ticker: $CME

CME Group, Ticker: $CME, bottomed in May and reversed. It paused as it hit the 200 day SMA in April. then it resumes the path higher to a top in June. A pullback quickly found support and reversed to a higher high in July. Another pullback stopped at a higher low and it is now moving higher toward that prior top. The RSI is rising toward the bullish zone with the MACD turning back up and positive. Look for continuation to participate…..

Phillips 66, Ticker: $PSX

Phillips 66, $PSX, moved off of a higher low to reach a higher high in July. But last week it turned over and started back lower. The RSI is also pulling back with the MACD crossed down and dropping. Look for continuation to participate…..

Skyline Champion, Ticker: $SKY

Skyline Champion, $SKY,started higher off of a bottom in December. It paused several times along the way, the latest at the end of June. That led to consolidation through July. Last week it pushed higher to resistance from September. The RSI is rising and bullish with the MACD moving higher and positive. Look for continuation to participate…..

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