Earnings Season Meltdown? 4 Big Names Tease Buy Zones Then Tumble By Scalper1 | April 22, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/osCibL4-L2o/letdowns042216_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/osCibL4-L2o/letdowns042216_sd.mp4 Loading the player… Alphabet ( GOOGL ), Microsoft ( MSFT ), Starbucks ( SBUX ) and Visa ( V ) were all trading at or near buy points going into their quarterly earnings reports last night. But in what could be seen as a big letdown for investors, all four issued disappointing results and/or guidance, which has sent the stocks tumbling below key levels. Not only is this notable because of their big names, but also because most of them are highly rated by IBD. Alphabet currently earns an IBD Composite Rating of 98 out of 99, while Visa has a 92, and Starbucks has a 90. Microsoft has a Composite Rating of 73, meaning it outperforms 73% of all stocks based on fundamental and technical factors. IBD’s Take: How do Alphabet, Microsoft, Starbucks, Visa measure up? Find out at IBD Stock Checkup Alphabet gapped down 5.4% in giant volume, breaching its 50-day line. It’s also triggering a sell signal, with shares now more than 5% below the cup-with-handle buy point at 777.41. The stock is trading 9% below its February high. Microsoft plunged 7.2% in heavy volume, with the stock breaking below the 50-day. Shares are now looking for support at the 200-day line. Microsoft was near its 56.95 buy point in Thursday’s session, but it’s now trading 9% below that level. Starbucks is dropping below its 50-day and 200-day moving averages in quick turnover, losing 4.9%. Shares are trading 7% below a saucer-with-handle buy point at 61.74, and 10% below their October peak. And Visa is now below its 10-day line, falling 2.1% in fast trade. It’s still holding above the 50-day and 200-day lines, which recently crossed in a bullish manner. Shares are now 3% below their cup-base buy point at 81.11. Whether this is a trend that will continue throughout earnings season remains to be seen, but we will continue to update you as reports from Facebook ( FB ), Amazon ( AMZN ) and PayPal ( PYPL ) come in next week. Scalper1 News Scalper1 News Related posts: Why You Should Watch FB, GOOGL, AMZN Ahead Of Earnings These 5 Leading Tech Stocks Have Major Hurdles To Clear PayPal At The Heart Of Facebook, Starbucks Mobile Payment Offerings This FANG Stock Just Tripped A Very Bearish Signal