BALTIMORE ( Stockpickr) -- Economic fundamentals re-entered the picture for investors this week as the euro-zone debt crisis continues to heat up. While exuberant investors pushed equities higher last week, moving broad-based indexes to 52-week highs, this week's downgrade of Portuguese sovereign debt and the still-unfolding issues in Greece are starting to take their toll on the market.But that shouldn't keep us from profitable trades. As we do every Thursday, let's take a look at how Wall Street's biggest names are trading technically. Technical analysis uses a stock's price movements to determine where shares are headed in the future. Technical charts are used every day by proprietary trading floors, the street's biggest financial firms and individual investors to get an edge on the market. And according to some sources, skilled technical traders can bank gains as much as 90% of the time. Every week, Stockpickr analyzes the technicals for some of Wall Street's highest-volume stocks and takes a look at how to trade them. Here's this week's look at how some of the biggest names on Wall Street are trading technically.
Since unveiling the iPad to the world in late January, shares of Apple ( AAPL) have covered serious upward ground. But the biggest moves could be yet to come for the Cupertino, California-based technology company. That's because a move past a key technical resistance level opens the doors for serious gains in April.
|Stockpickr: Who Owns Apple?|
For decades, General Electric ( GE) has been considered a perennial stock powerhouse. With a new decade well underway, things haven't changed much.
|Stockpickr: Who Owns GE?|
Downside risk just got a little bit bigger for shareholders of China Unicom ( CHU), following a break below a key support level. But while shares could slide, don't expect a complete breakdown in share prices any time soon.
|Stockpickr Answers Any thoughts on holding CHU here or adding? I have a 20% loss right now.|
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