Cummins, Ticker: $CMI
Cummins, $CMI, rose off of a December low and confirmed a break higher as it made a higher high in February. It continued to a top in April before a pullback that found support at the end of May. Another drive higher met resistance just after making a higher high and it has consolidated since. Friday saw it at the top of the consolidation with the RSI rising on the bullish zone and the MACD trying to cross up. Look for a push over resistance to participate…..
Chart Industries, Ticker: $GTLS
Chart Industries, $GTLS, started higher in December, reaching a peak in March. From there it consolidated and then pulled back, first to the 200 day SMA and then further. It has been consolidating the past 6 weeks under resistance with the RSI rising towards the bullish zone and the MACD moving higher. Look for a push over resistance to participate…..
Johnson & Johnson, Ticker: $JNJ
Johnson & Johnson, $JNJ, bounced off of a bottom in December and moved higher for 4 months. It pulled back then and made another charge to the upside, stalling at the gap down from December. Now it is moving lower still. The RSI is falling in the bearish zone with the MACD dropping and negative. Look for continuation to participate…..
Lam Research, Ticker: $LRCXWealth Strength IndexLRCX is Extremely Up and trending Up
Lam Research, $LRCXWealth Strength IndexLRCX is Extremely Up and trending Up, also rose from a December low, peaking at the end of April. It pulled back, finding support just above the 200 day SMA and consolidated until Thursday. That is when it broke consolidation to the upside. The RSI is rising and bullish with the MACD rising and positive. Look for continuation to participate…..
Lyft, Ticker: $LYFT
Lyft, $LYFT, started bleeding right after the first trade following its IPO. It finally bottomed in May 6 weeks later. Since then it has been recovering, and closed last week having retraced 50% of the drop. The RSI is rising and bullish with the MACD positive and moving higher. Look for continuation to participate…..
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