5 Trade Ideas for Monday: Anthem, Express Scripts, Edwards Lifesciences, Graco & Raytheon

Anthem, Ticker: $ANTM

Anthem, $ANTM, started to climb higher in October last year. It met resistance along with the market in January and pulled back. For 4 months it consolidated and then in June started to move higher again. It began to consolidate in August and is now pressing against the top of the consolidation range. The RSI is rising in the bullish zone and the MACD flat after a pullback. Look for a new high to participate in the upside…..

Express Scripts, Ticker: $ESRX

Express Scripts, $ESRX, pulled back from a high in January and then went through a 6 month consolidation. In August it started to move higher before consolidating late in the month. It started higher out of that consolidation two weeks ago and is now moving higher again. The RSI is strong in the bullish zone with the MACD flat and positive. Look for continuation to participate higher…..

Edwards Lifesciences, Ticker: $EW

Edwards Lifesciences, $EW, started higher from a pullback to its 100 day SMA at the end of April. That move finished with a double top into July and then it gapped down. The stock price has been consolidating ever since, until Friday. That is when it pushed over resistance. The RSI is rising ad bullish with the MACD rising and crossing to positive. Look for continuation to participate higher…..

Graco, Ticker: $GGG

Graco, $GGG, got smacked down hard after making a January high. After touching its 200 day SMA it bounced up to resistance at a lower high and consolidated for 3 months. In June it broke to a higher high and has been consolidating under that peak ever since. Last week ended with it back at resistance with the RSI rising in the bullish zone and the MACD lifting higher. Look for a push through resistance to participate to the upside…..

Raytheon, Ticker: $RTN

Raytheon, $RTN, topped out in April and then dropped like a crashing plane. It bounced into May, topping at a lower high and then fell back again, to a lower low. Since then it has consolidated in a tight range, with a 1 day exception, under resistance. The RSI is pressing against the edge of the bullish zone and the MACD is crossed up and rising. Look for a push over resistance to participate…..

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