These 5 Leading Tech Stocks Have Major Hurdles To Clear

By | April 1, 2016

Scalper1 News

alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/JXSCvP53eHM/Tech_040116_AAPL_AMZN_NFLX_FB_GOOGL_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/JXSCvP53eHM/Tech_040116_AAPL_AMZN_NFLX_FB_GOOGL_sd.mp4 Loading the player… The market has been in a confirmed uptrend for weeks now, but leading tech stocks still have some hurdles to clear: Apple ( AAPL ) and Amazon ( AMZN ) are hitting resistance at psychological price levels, while Netflix ( NFLX ) has yet to clear its 200-day line. And Facebook ( FB ) and Google parent Alphabet ( GOOGL ) are in bases, but they’ve yet to break out of them. Apple shares are hitting resistance at the 110 price level for a third session in a row, rising 0.9% Friday. And the stock is still trading below its 200-day moving average, a critical level. But Apple has been able to climb about 19% from its late January low. It’s now trading 18% below its all-time high, set at the end of last April. Amazon is also hitting resistance, with shares struggling to break above the 600 price level. The stock’s 50-day and 200-day lines recently crossed but are moving nearly in sync as shares move higher. Amazon is trading 14% below its all-time high of 696.44 and a buy point that’s 10 cents above the high, rallying 0.8% Friday. Meanwhile, Netflix has yet to clear its 200-day line, though it has been trading near that level for the past few sessions. Shares are about 21% below their high, which they reached last December, but they’re 31% above their February low. The stock was up 3.4% Friday. Facebook is trading about 1% below a 117.69 buy point and rose 1.7% Friday. In Wednesday’s session, the stock came within 70 cents of the pivot. And Alphabet has been steadily moving higher for about two months, but it’s still 5% below an 810.45 buy point. Alphabet edged up 0.9% Friday. Scalper1 News

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