AAPL, PCLN, AMZN, and CMG are looking to set up as late-stage failed-bases if these breakouts do not hold on AAPL, AMZN, and CMG. PCLN is already breaking down from its 50-day moving average, confirming its breakdown status. Meanwhile watch for a breach of the 50-dma on AAPL and CMG, while AMZN is moving below its prior breakout point. It is possible to test shorts in any of these using tight 3-5% upside stops. We plan on doing the same, and may be in and out or in for good on some of these names if they continue to break down.
SSS - Big-Stock NASDAQ Names and Others Teetering on Late-Stage Failure Status
| Published: | 29 Sep 2011 15:23 ET |
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