Four Momentum Stocks That Have Outperformed Apple

NEW YORK (TheStreet) -- Momentum stocks have been strong since earnings and continue to be led by Tesla (TSLA) , which is up 13% since my post-earnings report on Aug. 7.

Apple (AAPL)  , Netflix (NFLX)  and Tesla have each set all-time intraday highs since that post.

Read More:10 Stocks Carl Icahn Loves in 2014

Amazon (AMZN) , which broke below its 200-day simple moving average at $349.51 on July 25, traded as low as $304.59 on Aug. 1, and rebounded to a test of its 200-day SMA, which is now at $347.52, on Sept. 4.

Rounding out the field of five momentum stocks is Google (GOOGL)  , which is up 4.7% since Aug. 6, topping Apple's gain of 3.6%.

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

Apple ($98.36) traded as low as $93.28 on Aug. 8, holding its 50-day simple moving average, which is now up to $97.07. The stock is the only one in today's first "crunching the numbers" table below its 21-day SMA at $99.46. When the stock set its all-time intraday high at $103.74 on Sept. 2, investors had the opportunity to book profits on strength to a semiannual risky level at $102.39.

The weekly chart still has momentum characteristics as the chart is positive but overbought with the five-week modified moving average at $97.71. Apple needs to end the week above $97.71 to stay positive. Monthly and semiannual value levels are $95.85 and $95.32, respectively, with weekly and semiannual risky levels at $100.94 and $102.39, respectively.

Amazon($342.34) set its all-time intraday high at $408.06 on Jan. 22, and traded as low as $284.38 on May 9. Since then, the 200-day SMA has been a magnet at $347.52, and so has an annual pivot at $334.95, which has been crossed several times since March 27.

The weekly chart is positive with its five-week MMA at $335.20 and its 200-week SMA at $255.56. Weekly and monthly value levels are $321.28 and $267.26, respectively, with the annual pivot at $334.95, a semiannual pivot at $344.36 (not in the second table) and quarterly and semiannual risky levels at $385.43 and $419.21.

Read More: Apple’s Next iPhone: What We Think We Know

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