This quick hits update will cover a wide swath of companies.
AAPL, CAT, DIS, FB, GOOGL, MGNX, SAVE, SIRI, TSRO, TSLA, X & XLF
Consider this an overall check-up on the market. The sentiment of the majority of these charts just may provide some insight as what to expect over the next several weeks to months.
Remember that this is a quick hits version. If you want some additional details on a chart or want to discuss a specific company further, head on over to the Idea Chamber and let's discuss it or analyze it further!!
Apple (AAPL)
Even after making a new all-time share price, Apple (AAPL) still did not surpass its all-time market capitalization. Why? It has less shares outstanding now than it did previously. Market capitalization is the number of outstanding shares times the share price. Can Apple (AAPL) succeed in becoming the first trillion dollar company?
This is a 3 year weekly candlestick chart for AAPL. Most well performing breakouts re-test the breakout area before the uptrend continues. Does AAPL push higher this week to the $140 - $144 area before pulling back and re-testing the breakout area from the previous highs? Its MACD Histogram still shows increasing buying momentum.
If shares can be purchased in the gray shaded box before AAPL moves higher and reaches its $144 and $151 price objectives, that is a good place to repurchase sold shares up at current price levels or slightly higher at the beginning of this week. It can also a place to simply jump back up on the uptrend again, as higher price targets for AAPL's share price are still in play.….
You must first login to continue reading this article where I cover upside and downside price targets for several companies, including:
- Caterpiller (CAT)
- The Walt Disney Company (DIS)
- Facebook (FB)
- Alphabet (GOOGL)
- Macrogenics (MGNX)
- Sirius XM Holdings (SIRI)
- Spirit Airlines (SAVE)
- Tesla (TSLA)
- Tesaro (TSRO)
- Twitter (TWTR)
- Under Armour (UAA)
- US Steel (X)
- Financial Select Sector SPDR ETF (XLF)
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