NEW YORK (TheStreet) -- The first quarter is over, and the momentum race results are in. Looking at first-quarter performance, Apple (AAPL - Get Report) finished behind Netflix (NFLX - Get Report) by almost 10%, while lagging Amazon  (AMZN - Get Report) by 8%. Google  (GOOGL - Get Report) finished the quarter ended March 30 in fourth place, 17% behind Netflix, while Tesla Motors (TSLA - Get Report) lost 15% for the quarter.

Let's look at the performance measures for these momentum names and consider the weekly charts for each stock.

Investors not familiar with technical analysis should begin with the notion that a price chart for a stock shows a road map of past price performance. That provides guidance for predicting future share price direction.

Here's how to read a weekly chart. The chart shows weekly price bars going back to the beginning of 2009, when the current bull market for stocks began. The red line tracks the ups and downs of the key weekly moving average. The green line is the 200-week simple moving average. The red line that oscillates along the bottom of the chart is the momentum reading on a scale of 00.00 to 100.00. A reading below 20.00 is oversold and a reading above 80.00 is overbought.

A technically positive weekly chart occurs when a stock ends a week above its key weekly moving average with the momentum reading rising above 20.00. A technically negative weekly chart occurs when a stock ends a week below its key weekly moving average with the momentum reading declining below 80.00.


Courtesy of MetaStock Xenith

Apple had a first-quarter close of $124.43, up 13% year to date and 6.9% below its all-time intraday high of $133.60 set on Feb. 24. The stock is at risk of closing below its 50-day simple moving average at $123.74, with the 200-day simple moving average at $108.26. The weekly chart shifts to negative given a close this week below its key weekly moving average at $133.25. The stock has a momentum reading of 72.46, down from 74.57 last week.

Investors looking to buy Apple should place a good till canceled limit order to purchase the stock if it drops to $110.43, which is a key level on technical charts until the end of the year.

Investors looking to book profits should place a good till canceled limit order to sell the stock if it rises to $134.41, which is a key level on technical charts until the end of April. The stock is positioned between a quarterly key level of $122.21 and a semiannual key level of $126.45, which defines the current trading range.


Courtesy of MetaStock Xenith

Amazon had a first-quarter close of $374.59, up 21% year to date and just 3.8% below its 2015 intraday high of $389.37, set on Feb. 26. The stock is at risk of closing below its 50-day simple moving average at $365.46, with the 200-day simple moving average at $331.59. The weekly chart shifts to negative given a close this week below its key weekly moving average at $366.93. The stock has an overbought momentum reading of 85.78.

Investors looking to buy Amazon should place a good till canceled limit order to purchase the stock if it drops to $277.50, which is the stock's 200-week simple moving average.

Investors looking to book profits should place a good till canceled limit order to sell the stock if it rises to $383.18, which is a key level on technical charts until the end of the year. This level has already provided a selling opportunity as the stock reached its 2015 high. Given a reason for a new high, the upside should be limited to key quarterly and semiannual technical levels at $406.23 and $409.91, respectively.


Courtesy of MetaStock Xenith

Google had a first-quarter close of $554.70, up 4.6% year to date and 4.9% below its 2015 intraday high of $583.20, set on March 5. The stock is below its 50-day and 200-day simple moving averages at $550.00 and $560.06, respectively. The weekly chart shifts to negative given a close this week below its key weekly moving average at $552.60. The stock has a momentum reading of 75.54, down from 77.33 last week.

Investors looking to buy Google should place a good till canceled limit order to purchase the stock if it drops to $526.68, which is a key level on technical charts until the end of the year. Investors had the opportunity to buy shares at this level earlier in the year.

Investors looking to book profits should place a good till canceled limit order to sell the stock if it rises to $605.84, which is a key level on technical charts until the end of June.


Courtesy of MetaStock Xenith

Netflix had a first-quarter close of $416.69, up 22% year to date and 14% below its 2015 intraday high of $486.50, set on Feb. 26. The stock is below its 50-day and 200-day simple moving averages at $446.82 and $419.19, respectively. The weekly chart stays negative given a close this week below its key weekly moving average at $427.80. The stock has a momentum reading of 70.55, down from 75.79 last week.

Investors looking to buy Netflix should place a good till canceled limit order to purchase the stock if it drops to $307.60, which is a key level on technical charts until the end of the year.

Investors looking to book profits should place a good till canceled limit order to sell the stock if it rises to $545.67, which is a key level on technical charts until the end of June. The stock is positioned just above its key monthly technical level of $412.81.


Courtesy of MetaStock Xenith

Tesla had a first-quarter close of $188.77, down 15% year to date and well below its 50-day and 200-day simple moving averages at $201.89 and $228.60, respectively. The weekly chart stays negative given a close this week below its key weekly moving average at $196.72. The stock has a momentum reading of 21.96, down from 24.15 last week.

Investors looking to buy Tesla should place a good till canceled limit order to purchase the stock if it drops to $152.07, which is a key level on technical charts until the end of the year.

Investors looking to reduce holdings should place a good till canceled limit order to sell the stock if it rises to $227.99, which is a key level on technical charts until the end of June.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.