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Linear Technology Corporation (NASDAQ:LLTC) had a significant bearish momentum today closing below its 200-day EMA on decent volume as you can see on my daily chart above. The bias is bearish in nearest term testing 42.21. Key momentum indicators point to continuation of negative bias for the stock for the medium term.
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Bitauto Hldg Ltd (NYSE:BITA) The stock might break this key support level tomorrow. If it so, the next possible down move target will be the 100-day EMA at 63.57 then the 61 area. The technical indicator MACD is falling sharply and about to enter negative territory, supporting the weakness.
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Waste Management, Inc. (NYSE:WM) The momentum indicators are starting to turn down, which suggests that we might see a pullback moving ahead.
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Apple Inc. (NASDAQ:AAPL) closed below the major support of 98.38 (50EMA) on high volume and that may trigger further weaknesses to 95/94.12 (100EMA).
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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AC
Labels: AAPL, BITA, LLTC, WM