Momentum Plays – AAPL, BIDU, NFLX, CAR

Tech stocks Apple (AAPL), Baidu (BIDU), and Netflix (NFLX) are all showing very similar patterns. If the market can continue inching up these stocks should perform very well over the coming weeks.

I also have a chart of Avis Budget Group (CAR) which may be setting up a fresh bull flag. A good entry point may come with a break of $13.90.

AAPL 122809

BIDU 122809

NFLX 122809

CAR 122809

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Comments

  1. says

    Yay very true. If you buy where I suggest with the next break through $13.90 my bet is that momentum will carry the stock through $14.14 and negate a double top formation altogether.

    On the flip side if the stock tops right here and does not go any higher you are still ok as no position was taken to begin with.