Bobbing for Apple, Amazon and Google Shares

Sell Strength on Amazon: Amazon.com ($259.98) has a hold rating, is 4.8%% overvalued with fair value at $248.04, and a 12 months forward P/E of 117.76. Monday's share price weakness has Amazon showing a 12x3x3 weekly slow stochastic reading at 79.66 down from 82.04 last week. A close this week below its five-week modified moving average at $262.13 with Mojo falling below 80.00 will be a technical sell signal for the stock. Semiannual and annual value levels are $241.23 and $226.80 with a quarterly pivot at $255.75 and weekly and monthly risky levels at $272.17 and $282.88.

>>> Also see: The Cult of Amazon.com

Buy and Trade Levels for Google: Google ($759.02) has a hold rating, is 8.3% overvalued with fair value at $700.58, and a 12 months forward P/E of 17.12. Google has a 12x3x3 weekly slow stochastic reading that's rising at 76.24 from 71.87 last week so its weekly chart is not yet overbought, and stays positive with a close this week above its five-week modified moving average at $735.58. My quarterly value level is $660.40 with weekly and monthly risky levels at $783.56 and $808.04.

At the time of publication the author held no positions in any of the stocks mentioned.

Follow @Suttmeier

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 [e-mail].

« First ‹ Previous 1 2