FANG Stocks Showing Positive Momentum, With Alphabet Nearing its High
As the Nasdaq rallies to new highs, the FANG stocks are also attracting buyers and are nearing their all time highs.
The FANG stocks were on fire not too long ago, and recently they've been creeping back up to near their all time highs. Take Alphabet (GOOGL) - Get Report , which early Tuesday was less than 1.5% from its high. A look at its stock chart shows positive momentum. Investors looking to buy Alphabet should do so on weakness at $772.74, which is the 200-day simple moving average. Netflix (NFLX) - Get Report is about 2% below its high of $133.88 set a few days ago. Facebook (FB) - Get Report and Amazon (AMZN) - Get Report are also showing positive momentum.
