5 Trade Ideas for Monday: Boeing, DexCom, Fidelity National, Graco and Altria

• Posted by Greg Harmon
• on November 17th, 2019

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Boeing, Ticker: $BA

Boeing, $BA, stock price gapped down in March and has floundered since. Since the middle of October it has been rising though. And it closed last week moving over a short term resistance. The RSI is rising into the bullish zone with the MACD crossed up and positive. Look for continuation to participate…..

DexCom, Ticker: $DXCM

DexCom, $DXCM, had a failed break out in August before falling back into a long sideways channel. It finally broke the channel for good at the start of November and has been consolidating the move. The RSI is strong and a bit over bought but running flat with the MACD rising. Look for a second push to participate…..

Fidelity National Information Services, Ticker: $FIS

Fidelity National Information Services, $FIS, started higher in December and kept going to a top in September. Since then it has pulled back and found support in October. Now it is breaking over prior resistance with a RSI rising into the bullish zone and the MACD positive and climbing. Look for continuation to participate…..

Graco, Ticker: $GGG

Graco, $GGG, rose from a bottom in December to peak in April. It pulled back in two steps from there, the second moving price under the 200 day SMA. It has held there consolidating since. Friday it moved over resistance with the RSI rising into the bullish zone and the MACD positive and moving higher. Look for continuation to participate…..

Altria, Ticker: $MO

Altria, $MO, started lower from a high in April. It continued for nearly 6 months before finding support at the end of September. Since then it moved higher, stalling at the August mini consolidation, and now pushing through Friday. The RSI is rising in the bullish zone with the MACD flat but positive. Look for continuation to participate…..

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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 November options expiration in the books sees equity markets surging.

Elsewhere look for Gold to drift lower in consolidation while Crude Oil marks time moving sideways. The US Dollar Index is drifting to the upside while US Treasuries bounce in their pullback. The Shanghai Composite looks to drift down in consolidation while Emerging Markets remain in broad consolidation.

Volatility continues to remain very low keeping the bias higher for the equity index ETF’s SPY, IWM and QQQ. The SPY and QQQ look to continue the march higher while the IWM continues to churn in a wide consolidation at long term resistance. Use this information as you prepare for the coming week and trad’em well.

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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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