- Posted by Greg Harmon
- on July 22nd, 2018
5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:
Donaldson, Ticker: $DCI
Donaldson, $DCI, moved lower form a top in January. After a short bounce it found support at the beginning of April. It consolidated there until starting higher in May. But that move stalled with a double top as it fell back, but to a higher low. Since confirming that double top it has reversed and is tightening against resistance. The RSI is rising toward the bullish zone with the MACD rising toward positive. Look for a push over resistance to participate higher…..
Fiserv, Ticker: $FISVWealth Strength IndexAAPL is Extremely Up and trending Up
Fiserv, $FISVWealth Strength IndexAAPL is Extremely Up and trending Up, has been trending higher since November when it moved higher off of the 200 day SMA. It reset to the 200 day SMA again in February before continuing up. Then in April it moved sideways for 2 months with a slight upward drift at the end. Since then it has continued to make higher highs and higher lows. Now it is at resistance with the RSI flat in the bullish zone and the MACD rising and positive. Look for a push over resistance to participate higher…..
Regeneron Pharmaceuticals, Ticker: $REGNWealth Strength IndexAAPL is Extremely Up and trending Up
Regeneron Pharmaceuticals, $REGNWealth Strength IndexAAPL is Extremely Up and trending Up, had a long steady decline from a top in July last year. It crossed down through its 200 day SMA in October and continued lower. It found a bottom in May and has reversed, rising since the beginning of June. Three weeks ago it made a higher high. And two weeks ago it crossed its 200 day SMA for the first time in over 8 months. Since then it has consolidated the move higher. The RSI is pulling back from an overbought condition with the MACD crossed down, reset. Look for a break to the upside to participate higher…..
Tiffany, $TIF, gapped higher after their last earnings report in May and kept going until early June. Over the last 2 months it has been consolidating the move higher. The RSI reset from being overbought and is now moving back higher with the MACD also reset and about to cross up. Look for a push higher in price over resistance to participate…..
Yum Brands, $YUM, ran to a peak in January before pulling back. It retraced to the 200 day SMA and then reversed, making a higher high at the end of April. But it fell hard form there as well, back to the 200 day SMA at first and then through it. It found support above the February high and now looks to be reversing higher. The RSI is drifting up towards the bullish zone with the MACD crossed up and rising towards positive. Look for a push over the recent consolidation to participate higher…