Apple traded sideways this week after the massive move of the last month. Is the stock still too hot to touch? I don't like buying stocks near the 52 week high, so my current rating for Apple is ---
In a crazy week of trading, MCD jumped above it's 200 day moving average for the first time in months. The breakout was decisive and on huge volume - meaning it's more likely to 'stick' than fall back down. What happened to cause such a big move? I can't give you a good answer - there was no 'news' to justify this move. However, the selling in the stock had been overdone and the bulls came to the rescue.
Rating at Current Price - HOLD
An attempt to rise above the 200 DMA has failed, much like AT&T, sending the stock back towards the 50 DMA. The stock got a boost after the resignation of the CEO - but again, what has changed? The same issues face the company and simply trimming the menu won't solve the problems. Some fundamental changes are needed at this company.
AT&T has failed at the 200 DMA, sending the stock reeling back towards the 50. This stock is stuck in a slightly bearish down channel due to lack of revenue growth. What can get this old company out of the mud?
People say oil has bottomed, but it remains below a falling 50 DMA, so to correct all the talking heads - oil hasn't got no place yet. Watch that blue line.
The S&P 500 reached a new high on Friday, as the bulls slapped the bears down in an epic beating. It was quite a two week stretch that saw the market move higher on 7 of 8 trading sessions. No, you wouldn't like your sports team if it lost 7 of 8 games. The bears are reeling.
The bears took a beating on a Friday trading session on news Greece is close to making a deal to lower its debt. Why this boosted the market is beyond my understanding, but the bulls took the day and ran the market up to new highs.
Google is stuck between the moving averages. More importantly, stuck between inverted moving averages - with the 200 DMA above the 50 DMA, which is a bearish pattern. Until the 50 rises above the 200, the bears are still in control of this chart. The first big number on this chart to reach is 560. Google needs to hold above that number.
In operation redundancy, Apple makes new highs every single day - and today is no exception in early trading. Up, up and away.
In early trading to start the week, #Google is off a little over 1 percent. If you missed this stock near the bottom of 500 - watch for any weakness to get into Google. What's a good level to re-enter? Look for that blue-line of the 50 DMA and get in somewhere around 530.