NEW YORK (
TheStreet) -- The big-three tech-related names in today's headline hit the skids following third quarter earnings reports but recently held key technical levels.
It's time for another look as Black Friday sales accelerating short-term mojo could be the beginning of this year's Santa Claus rally led by these names.
(GOOG) ($669.97) has a buy rating according to
www.ValuEngine.com, and was profiled Oct. 16 in
Handicapping Key Earnings Reports
. Google set an all-time high at $774.38 on Oct. 5 and was sliding going into its quarterly report on Oct. 18. Google missed EPS estimates by 17.2%, which accelerated the slide after a higher opening high at $706.70 on Oct. 19.
I updated this profile Oct 24 in
Missed Corporate Revenue Signals QE Fatigue
. In both stories I mentioned that Google was above its 200-day simple moving average.
A test of the 200-day SMA on the downside is almost always considered a buying opportunity for a buy-and-trade strategy. Google tested this moving average at $638.41 Friday. The upside is to the 50-day SMA at $709.21 given a weekly close above the five-week modified moving average at $680.90. My weekly value level is $659.15 with a monthly pivot at $679.57 and quarterly risky level at $713.85.
Google has improved shopping apps and updated Android maps for an enhanced holiday shopping experience. You can create shopping lists, view products with 360-degree views, find promotions and coupons, and use new maps for about 10,000 stores.
(AMZN - Get Report)
($233.78) has a buy rating according to ValuEngine. I profiled the stock Oct. 23 in
Apple, Amazon Face Tougher Scrutiny Reporting Earnings
Amazon set a multi-year high at $264.11 on Oct. 14. Amazon reported quarterly results Oct. 25 with a much larger than expected loss missing EPS estimates by 187.5%. Investors liked the growth story and the stock popped from a $222.92 close that day to an opening high at $238.71 on Oct. 26. Investors and traders had the opportunity to reduce positions at my semiannual pivot at $236.23.
I updated this profile Oct. 30 in
Trading Earnings Volatility
and in both stories mentioned the annual pivot at $236.23 and that Amazon was above its 200-day SMA.
A test of the 200-day SMA at $219.57 occurred last Thursday, providing a buy-and-trade strategy. Now the stock appears ripe for a re-test of its semiannual pivot at $236.23, and above this pivot is the 50-day SMA at $243.84. A weekly close above the five-week MMA at $236.10 enhances the upside potential. My weekly value level is $218.67 with my semiannual pivot at $236.23 and quarterly risky level at $263.71.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts