5 Trade Ideas for Monday: Arch Capital, Cincinnati Financial, Cirrus Logic, Generac and Service Corp

Arch Capital Group, Ticker: $ACGL

Arch Capital Group, $ACGL, rose out of a base in May and continued to a plateau at the end of July. It has bounced off of resistance since. The RSI is in the bullish zone and rising with the MACD trying to cross up and positive. Look for a push over resistance to participate…..

Cincinnati Financial, Ticker: $CINF

Cincinnati Financial, $CINF, also rose out of a base, but at the end of April, plateauing quickly and then continuing to a top in July. It pulled back to the 50 day SMA and then pushed to a new high before consolidating. The RSI is rising and bullish with the MACD positive and moving up. Look for a new high to participate…..

Cirrus Logic, Ticker: $CRUS

Cirrus Logic, $CRUS, started a move higher at the beginning of June. It peaked with a gap up spike August 1st and then retraced. Since then it has consolidated in a range with the RSI firmly in the bullish zone and the MACD flat and positive. Look for a break of the range to participate…..

Generac, Ticker: $GNRC

Generac, $GNRC, jumped off of the confluence of the SMA’s and ran to a peak at the end of July. it has been consolidating under resistance since. The RSI is rising in the bullish zone with the MACD trying to cross up and positive. Look for a break over resistance to participate…..

Service Corp, Ticker: $SCI

Service Corp, $SCI, started to move up in March. It continued to a top in July and started to consolidate. It then pulled back into August and is now back at resistance. The RSI is rising and bullish with the MACD turning up and positive. Look for continuation above resistance to participate…..

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