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Tesla Easily Beats Amazon, Netflix in the Latest Momentum Race

NEW YORK (TheStreet) -- Momentum stocks had been a drag on the Nasdaq in 2014 until mid-May when the five high-profile stocks I have been tracking regained their "mojo" and began to rise again.

On June 3, I wrote, Tesla, Netflix, Apple Win Trifecta in Momentum Stock Race and the race between May 12 and June 2 had a clear winner in Netflix (NFLX - Get Report), with Tesla (TSLA - Get Report) in second place.

In the race since June 2, Tesla has topped Amazon (AMZN) with Netflix in third place. Google (GOOGL) and Apple (AAPL) get most of the investor hype, but since June 2, they have been the laggards.

I have crunched the numbers to help you decide if and when to invest. Here are the five profiles followed by today's 'Crunching the Numbers" tables.

Apple ($90.36) is up just 0.6% since June 2, but did set a 2014 intraday high at $95.05 on June 10. While below its 21-day simple moving average at $91.62 the stock is above its 50-day and 200-day SMAs at $86.60 and $77.90.

With Google reportedly ready to announce a set-top box, the next leg of the momentum race will have Amazon touting the Fire TV, but where's the Apple TV?

The weekly chart is positive but overbought with the five-week modified moving average at 88.02. Annual value levels are $81.33 and $71.32 with a monthly pivot at $90.23 and semiannual and weekly risky levels at $95.32 and $95.79.

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NFLX $90.03 0.00%
TSLA $240.76 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

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