5 Trade Ideas for Monday: Applied Materials, Eaton Vance, General Dynamics, Mastercard and Royal Caribbean

Applied Materials, Ticker: $AMATWealth Strength IndexAAPL is Extremely Up and trending Up

Applied Materials, $AMATWealth Strength IndexAAPL is Extremely Up and trending Up, started higher out of a bottom in December. It paused as it hit the 200 day SMA and then took another step higher as the 50 day SMA came up to meet price. Coming into the week it is consolidating under resistance with the RSI rising in the bullish zone and the MACD rising and positive. Look for a push over resistance to participate…..

Eaton Vance, Ticker: $EV

Eaton Vance, $EV, moved from a drift lower to a steep decline in October. It bottomed at the end of December and started to move back up. It stalled in that move at the end of February and has been consolidating since. The RSI is rising with the MACD turning up and positive. Look for a push over resistance to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, fell from a high in April last year. It bounced to the 200 day SMA in in May but could not hold over it. It consolidated there for the 5 months before starting lower again. It found support at the end of December and reversed higher into January. That move stalled at the end of the month and it has held in consolidation since. Friday saw a move to resistance with the RSI rising in the bullish zone and the MACD lifting off of zero. Look for a move higher to participate…..

Mastercard, Ticker: $MA

Mastercard, $MA, started to move higher in December. It slightly overshot the October high in February and then had a minor pullback. It then continued to the current plateau. The RSI is holding strong in the bullish zone with the MACD positive and drifting lower slowly. Look for a push over resistance to participate…..

Royal Caribbean, Ticker: $RCL

Royal Caribbean, $RCL, dropped in two steps to a low in December. Since then it has bounced and began to consolidate after making a higher high. Friday saw the price pushing up against resistance with the RSI rising in the bullish zone and the MACD lifting off of zero. Look for a push over resistance to participate…..

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