United Technologies (UTX) ($77.07) missed on the revenue line on Tuesday. The stock opened below its 200-day SMA at $78.48 and traded as low as $76.35. The weekly chart has been negative since the week of Oct. 5. The risk is to the 200-week SMA at $70.92.
Netflix (NFLX) ($68.22) met earnings estimates but cut its subscriber forecast. The stock fell 16% to $56.74 in after-hours trading on Tuesday. The weekly chart shifts to neutral on a close this week below its five-week modified moving average at $63.79. The stock had a strong sell rating, according to www.ValuEngine.com, so a negative reaction should not be a surprise. The stock has a base at lows of $52.81 on Aug. 3, $53.13 on Sept. 4 and $53.05 on Sept. 26.
At the time of publication, Suttmeier had no positions in stocks mentioned.
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