5 Trade Ideas for Monday: Donaldson, Fiserv, Regeneron Pharma, Tiffany & YUM!

• 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: $FISV

Fiserv, $FISV, 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: $REGN

Regeneron Pharmaceuticals, $REGN, 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, Ticker: $TIF

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, Ticker: $YUM

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…..

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with July options expiration behind, sees the equity markets continue to look strong, holding at key levels into the heart of earnings season.

Elsewhere look for Gold to possibly pause in its downtrend while Crude Oil pulls back in the uptrend. The US Dollar Index continues to consolidate in the uptrend while US Treasuries pull back in broad consolidation. The Shanghai Composite is building a possible reversal higher after a long pullback and Emerging Markets are also starting to show signs of a possible reversal higher.

Volatility looks to remain at very low levels keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. Their charts show a mixed big in the short run with the SPY moving higher while the IWM consolidates its move and the QQQ digests moving slightly lower. All three look great on the longer timeframe, so maybe the short term was options expiration games. Use this information as you prepare for the coming week and trad’em well.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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