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Missed Corporate Revenue Signals QE Fatigue

Stocks in this article: GOOGMSFTTRVMS

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.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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