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Apple, Intel, Microsoft, Netflix, Tesla Can Lead the Nasdaq Back Above 5000

Apple ($102.13) is up 27% year to date and its weekly chart is positive but overbought with its five-week modified moving average at $93.67. Apple traded to an all-time intraday high at $102.57 on August 27. Would you believe that Apple traded around $5.00 during the 1999 / 2000 tech bubble? Apple traded above its semiannual pivot at $102.39 on Wednesday. A semiannual value level is $95.32.

Intel ($34.79) is up 34% year to date and its weekly chart is positive but overbought with its five-week MMA at $33.22. Intel traded above $72.00 back in March 2000 so it has not yet fully recovered. A semiannual value level is $29.79.

Microsoft ($44.87) is up 20% year to date and its weekly chart is positive with its five-week MMA at $43.79. Microsoft traded above $57.00 back in March 2000. A semiannual value level is $41.67.

Netflix ($474.70) is up 29% year to date and set an all-time intraday high at $485.30 on August 24. The weekly chart is positive but overbought with its five-week MMA at $428.17. Netflix was not publicly traded in March 2000. A semiannual value level is $359.04 with a quarterly pivot at $472.26.

Tesla ($263.25) is up 75% year to date and its weekly chart is positive but overbought with its five-week MMA at $243.73. Tesla set an all-time intraday high at $267.26 on August 18. Tesla was not publicly traded in March 2000. A quarterly value level is $227.65 with a monthly risky level at $283.78.

Crunching the Numbers with Richard Suttmeier: Moving Averages & Stochastics

This table provides the technical status for the stocks profiled in today's report.

There are five columns with moving average titles: Five-Week Modified Moving Average, 21-Day Simple Moving Average, 50-Day Simple Moving Average, 200-Day Simple Moving Average and the 200-Week Simple Moving Average.

Read More: RadioShack Weighs Options Including Refinancing, Bankruptcy

The column labeled 12x3x3 Weekly Slow Stochastics shows the pattern on each weekly chart with readings from Oversold, Rising, Overbought, Declining or Flat.

Interpretations: Stocks below a moving average are listed in red.

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SYM TRADE IT LAST %CHG
AAPL $132.54 0.88%
INTC $33.45 -0.30%
NFLX $621.87 -0.18%
MSFT $46.90 -1.10%
TSLA $247.73 0.86%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

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