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Two Internet bigwigs — Amazon ( AMZN ) and Google parent Alphabet ( GOOGL ) — are extending their breakouts Friday ahead of both companies’ first-quarter earnings reports next week. Alphabet shares continued a slight ascent into the lower end of buy range following a breakout from a cup-with-handle base with 777.41 buy point, and remain well above their 50-day and 200-day lines. Alphabet rose 0.3% to 778 on the stock market today in afternoon trade. The company will report Q1 results on April 21 after the close. IBD’s Take: How healthy are Alphabet and Amazon stocks — and how do they compare vs. rivals? Find out at IBD Stock Checkup Amazon edged higher Friday afternoon, remaining solidly in buy territory after clearing a 603.34 buy point from a double-bottom-with-handle base at the start of the week. The stock is 10% off its Dec. 29 high of 696.44. Expect the e-commerce giant to report Q1 earnings after market close on April 28. Both stocks are trading in below-average volume Friday. In other FANG news, Facebook ( FB ) is slipping toward its 50-day line as it droops out of a cup-with-handle base. Facebook fell 1.1% intraday. And Netflix ( NFLX ) shares aren’t budging much so far Friday, remaining above their 200-day level as they form a cup-shaped base. Netflix reports earnings on Monday. RELATED: Netflix, Amazon Are Into Indies Now — And That’s Good For Theaters Alphabet, Microsoft Join Amazon As Market Leaders; Breakout Soon? Apple, Facebook, Nike, Amazon Lead Morgan Stanley’s 3-Year Picks Scalper1 News
Scalper1 News