NEW YORK (TheStreet) -- The seven most popular tickers on TheStreet.com begins with Apple (AAPL) in first place followed by Google (GOOG), with Intel (INTC) rounding out the top three. Today I provide my buy-and-trade strategies for the top seven most popular symbols, which are shown at the bottom of the Web site's home page.
A detailed technical analysis chart about these stocks follows these profiles. I also explain my number-crunching terms there.
Apple ($532.36, down 5.1% YTD) has been moving sideways to up this week between its 21-day simple moving average at $528.33 and its 50-day SMA at $536.18. On Monday I wrote, Can Apple and Amazon Regain Momentum? -- and so far the price action for the stock favors additional upside. The weekly chart shifts to positive given a close on Friday above its five-week modified moving average at $530.76. My annual value level is $517.05 with an annual risky level at $586.06.
Google ($1218.26, up 8.7% YTD) set an all-time intraday high at $1228.88 on Feb. 26 and so far this week has slipped to and stayed above its 21-day SMA at 1195.99. The stock is above all five key moving averages shown in today's 'Crunching the Numbers' table. The weekly chart remains positive but overbought with its five-week MMA at $1177.32. Annual and quarterly value levels are $1043.3 and $1015.23 with a monthly pivot at 1216.00 and this week's risky level at $1250.74. Note how the monthly pivot has been a magnet this week.
Intel ($24.50, down 5.6% YTD) set its 52-week high at $26.61 on Jan. 15 then traded down to its 2014 low at $23.50 on Feb. 5 which was below its 200-day SMA at $24.02. The stock straddles the five key moving averages shown in today's table. The weekly chart is negative with its five-week MMA at $24.68. Monthly and annual value levels are $23.89 and $20.78 with a quarterly pivot at $24.40 and semiannual risky levels at $26.33 and $28.95. Note that the 2014 high was a failed test of my semiannual risky level and that the quarterly pivot has been a magnet this week.
Verizon (VZ) ($47.38, down 3.6% YTD) has been below its 200-day SMA since Dec. 5 with this average now at $48.85. The 2014 low is $45.45 set on Feb. 18. The stock straddles the five key moving averages shown in today's table. The weekly chart shifts to positive given a close on Friday above its five-week MMA at $47.58. My monthly value level is $46.55 with semiannual risky levels at $49.60 and $50.75.
Bank of America (BAC) ($17.25, up 10.8% YTD) is above all five key moving averages shown in today's table. The weekly chart is neutral with the stock above its five-week MMA at $16.58 but its 12x3x3 weekly slow stochastic is declining. My semiannual value level lags at $10.69 with monthly and quarterly risky levels at $17.74 and $18.48.
Facebook (FB) ($71.57, up 31% YTD) set a new all-time high at $71.97 on Wednesday and is above all of the key moving averages shown in today's table, but the stock has not been publicly-traded long enough to have a 200-week SMA. The weekly chart is positive but overbought with its five-week MMA at $64.41. My weekly pivot is $71.70 with a monthly risky level at $81.72.
Baidu (BIDU) ($174.57, down 1.9% YTD) the Chinese-language Internet search provider set a new all-time high at $185.50 on Jan. 9 with that day being a 'key reversal' as the day's close was below the prior day's low. The stock set its 2014 low at $148.60 on Feb. 3 staying well above its 200-day SMA at $143.28. Baidu is above all five of its key moving averages shown in today's table. The weekly chart is positive with its five-week MMA at $169.14. Weekly and quarterly value levels at $160.46 and $143.79 with a monthly risky level at $222.43.
Crunching the Numbers with Richard Suttmeier
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.
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 listed in Red are below that moving average)
Five-Week Modified Moving Average (MMA) is one of two indicators that define whether or not a weekly chart profile is positive, neutral or negative. The other is the status of the 12x3x3 weekly slow stochastic.
A stock with a positive technical rating is above its five-week MMA with rising or overbought stochastics.
A stock with a negative technical rating is below its five-week MMA with declining or oversold stochastics.
A stock with a neutral technical rating has a profile that is not positive or negative.
The 200-Week Simple Moving Average (SMA) is considered a long-term technical support or resistance and as a "reversion to the mean" over a rolling three to five year horizon. (Even Apple declined to its 200-week SMA in June 2013.)
The 21-Day Simple Moving Average is a short-term technical support or resistance used by many hedge fund traders to adjust positions. A stock above its 21-day SMA will likely move higher over a rolling three to five day horizon and vice versa.
The 50-Day Simple Moving Average is also a technical support or resistance used by many strategists and commentators in financial TV.
The 200-Day Simple Moving Average is another technical support or resistance and I consider this level as a shorter-term "reversion to the mean" over a rolling six to 12 month horizon. (Even Apple tested or crossed its 200-day SMA in nine of the last 10 years.)
Value Levels, Pivots and Risky Levels are calculated based upon the last nine weekly closes (W), nine monthly closes (M), nine quarterly closes (Q), nine semiannual closes (S) and nine annual closes (A). I have one column for pivots, which is a magnet for the period shown. The columns to the left of the pivots are first and second value levels. The columns to the right of the pivots are first and second risky levels.
Investors who wish to buy a stock should use a good-until-canceled GTC limit order to buy weakness to a value level. Investors who want to sell a stock should use a GTC limit order to sell strength to a risky level.
At the time of publication the author held no positions in any of the stocks mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff