Below is a quick update on the five FAANG stocks as seen through our Trend Analyzer and Chart Scanner tools.  As shown, Facebook (FB) has surged 8% over the last week, leaving it up 44% YTD.  Given the relentless negativity we hear about the company these days, most people — from Wall Street to Main Street — would be surprised to see the stock up that much in 2019.

Amazon (AMZN) is the only other FAANG stock that’s above its 50-day moving average, while both Alphabet (GOOGL) and Netflix (NFLX) are solidly below their 50-DMAs.  Apple (AAPL) is sitting ever slightly below its 50-day by just 2 basis points.

Below are price charts for each of the five FAANG stocks pulled from our Chart Scanner tool that’s available to Premium and Institutional members.  Facebook (FB) and Amazon.com (AMZN) are the closest to their prior highs, but they all still have a ways to go before they experience a breakout.  Netflix (NFLX) continues to trade in an uncharacteristically tight sideways patternStart a two-week free trial to Bespoke Institutional to access our entire suite of investment tools and all of our daily research.

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