Tesla Easily Beats Four Other Momentum Stocks During Earnings Season

NEW YORK (TheStreet) -- In a race among five momentum stocks, Tesla (TSLA) easily won the earnings leg of the contest with a gain of 14% since my July 9 momentum stock post.

Apple (AAPL) and Google (GOOGL) are down fractionally since that date, while Amazon  (AMZN) is down 3.1%, and Netflix (NFLX) is down 3.3%.

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During this time frame, the S&P 500 500 Index set an all-time high at 1991.39 on July 24. The S&P is up 3.9% year to date and 3.6% off its record high.

The five momentum stocks are members of the Nasdaq Composite Index, which set a multiyear intraday high at 4485.93 on July 3. The Nasdaq is 2.9% below its July 3 high and is up 4.3% year to date.

Here are the updated profiles, followed by the latest "Crunching the Numbers" tables.

Apple ($94.96) set a 52-week intraday high at $99.44 on July 29, and is now between its 50-day simple moving average at $93.71 and its 21-day SMA at $95.87.

The weekly chart remains positive but overbought with the five-week modified moving average at $93.67 with its split-adjusted all-time intraday high at $100.72 set on Sept. 21, 2012. Monthly and annual value levels are $89.84 and $81.33, respectively, with a semiannual pivot at $95.32 and weekly and semiannual risky levels at $96.18 and $102.39, respectively.

Amazon ($313.89) traded as high as $364.85 on July 24, before the company reported financial results that were below analysts' estimates.

On July 25, Amazon opened below all daily moving averages and went as low as $304.59 on Aug. 1, which was well below its 200-day simple moving average at $349.71.

The weekly chart is negative with its five-week MMA at $324.84 and its 200-week SMA at $251.25. Investors could have reduced positions at a semiannual risky level at $344.38. Monthly and annual value levels are $279.94 and $259.67, respectively, with weekly and annual risky levels at $328.48 and $354.05, respectively. Not shown in the second "crunching the numbers" table is the semiannual risky level at $344.36.

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