Below is our trading range screen for the 30 largest stocks in the Nasdaq 100 (sorted from largest to smallest). For each stock, the dot represents where it’s currently trading, while the tail end represents where it was trading one week ago. The black vertical “N” line represents each sector’s 50-day moving average, and moves into the red or green zones are considered “overbought” or “oversold.”
This screen allows you to quickly see how all of the “FAANG” stocks are trading in terms of upside or downside momentum. As you can see, the majority of stocks on the screen are currently in overbought territory, with Facebook (FB), Netflix (NFLX), Amazon.com (AMZN), and Priceline (PCLN) the farthest above their 50-day moving averages. Qualcomm (QCOM) is one of the only stocks that have headed lower within its trading range over the last week, and that’s due to extreme weakness in reaction to its earnings report today.
Year-to-date, you may be surprised to see JD.com (JD) up the most with a gain of 69%. NVIDIA (NVDA) and Tesla (TSLA) rank second and third.
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