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Netflix Lags as Tesla Leads Momentum Race


NEW YORK (TheStreet) -- The eight momentum stocks I have been tracking began 2014 with mixed performances questioning the sustainability of continued new highs for the stock market. Tesla Motors (TSLA) may be up 9.1% on the new year but not without extreme volatility as this week's range for the stock has been between $136.67 and $172.23 as negative stock specific news was offset by positive news.

On the opposite side of the ledger Netflix (NFLX) is down 10.3% so far in 2014 and its earnings report Jan. 22 should sort out whether its momentum will return. Following its last earnings report Netflix popped to its all-time intraday high at $389.16 on Oct.22 then traded as low as $309.20 on Oct. 29 and this trading range remains intact.

Meanwhile, Apple (AAPL) traded down to $529.88 on Monday then up to $560.20 yesterday as Apple's deal with China Mobile takes shape. At the low the stock was upgraded to buy from hold as I wrote about Apple in Wrong Calls: Intel, America Online and Apple on Tuesday.

Here are my buy-and-trade parameters for my eight momentum stocks:

Apple ($557.36 vs. $561.02 on Dec. 31 down 0.7%) set a 52-week high at $575.15 on Dec. 5 then traded as low as $529.88 on Monday and is above its 200-day simple moving average at $478.53. The weekly chart profile is neutral with its five-week modified moving average at $542.86 and its 200-week SMA at $430.47.

Apple has a buy rating according to is 13.3% overvalued with a gain of 14.7% over the last 12 months. My annual value level is $517.05 with a monthly pivot at $549.13 and an annual risky level at $586.06. Above are my new semiannual risky levels at $657.40 and $666.94.

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