5 Trade Ideas for Tuesday: Applied Materials, CME, General Dynamics, Kansas City Southern and PayPal

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

Applied Materials, $AMATWealth Strength IndexAAPL is Extremely Up and trending Up, pulled back to the 200 day SMA in in May and consolidated. It rose from there to a top in July before pulling back again. It has consolidated since under resistance. Friday it was back a resistance with the RSI rising toward the bullish zone and the MACD crossing up and about to turn positive. Look for a push over resistance to participate…..

CME, Ticker: $CME

CME, $CME, started higher in March and continued until a pause in June. A second pause in July was followed by another pullback and then a move up to the current consolidation. The range is tightening as the RSI holds in the bullish zone with the MACD flat but positive. Look for a push over resistance to participate…..

General Dynamics, Ticker: $GD

General Dynamics, $GD, made a bottom in December and then bounced with the market. It stalled into February and languished there 5 months, with 1 failed attempt to move higher. A move off of a May low found prior resistance and it is tightening the range against it. Friday it pushed over the top. The RSI is rising and bullish with the MACD moving higher and positive. Look for continuation to participate…..

Kansas City Southern, Ticker: $KSU

Kansas City Southern, $KSU, started higher from a bottom in December. It ran to a top in April and then paused. Since then it has pulled back to the 200 day SMA but mostly held in consolidation. Friday saw it rise to resistance. The RSI is rising at the edge of the bullish zone with the MACD positive and moving higher. Look for a push over resistance to participate…..

PayPal, Ticker: $PYPLWealth Strength IndexAAPL is Extremely Up and trending Up

PayPal, $PYPLWealth Strength IndexAAPL is Extremely Up and trending Up, started higher out of consolidation in December. It continued to a top in July before pulling back. The pullback found support just above the 200 day SMA and 2 weeks ago tried to start higher. Friday saw it back at resistance. The RSI is rising through the mid line with the MACD crossed up but still negative. Look for a push over resistance to participate…..

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