5 Trade Ideas for Monday: Anthem, Apache, Costco, DaVita & Intuitive Surgical

Anthem, Ticker: $ANTM

Anthem, $ANTM, ran higher, peaking at the end of January. It pulled back and then settled into a 5 month consolidation with a slight upward drift. Recently it pulled back from making a higher high to a higher low. And Friday it started moving higher again. The RSI is rising in the bullish zone with the MACD level but positive. Look for continuation to participate higher…..

Apache, Ticker: $APA

Apache, $APA, started higher in March and has continued to move up. Last week it closed a gap from January, ending the week at resistance. The RSI is in the bullish zone with the MACD positive and rising. Look for a push over resistance to participate to the upside…..

Costco, Ticker: $COST

Costco, $COST, started higher out of consolidation in June and ran to an all-time high toward the end of the month. It pulled back from there to the 20 day SMA in a bull flag. Friday saw it breaking the bull flag to the upside. The RSI is rising in the bullish zone with the MACD flat but positive. Look for continuation to participate higher…..

DaVita, Ticker: $DVA

DaVita, $DVA, moved higher over its 200 day SMA with a gap up in December. It ran to a top in January and then started to pullback. It bottomed as it moved under the 200 day SMA again and consolidated for a month. In May it started back higher again and is moving up in steps. Friday looks to have begun the next step up. The RSI is turning back up and the MACD leveling and positive. Look for continuation to participate…..

Intuitive Surgical, Ticker: $ISRG

Intuitive Surgical, $ISRG, has continued to march higher but with some volatile pullbacks. It gapped higher in April and then refilled the gap before a push higher. The price paused in May and then made another move up in June to resistance. Friday it moved back to resistance after a minor pullback 2 weeks ago. The RSI is rising in the bullish zone with the MACD about to cross up and positive. Look for a push over resistance to participate…..