Amazon Stock Retakes Critical Level; Netflix Trips Bearish Signal By Scalper1 | February 22, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/mDEKVsKSqPU/Tech_022216_FANG_FB_AMZN_NFLX_GOOGL_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/mDEKVsKSqPU/Tech_022216_FANG_FB_AMZN_NFLX_GOOGL_sd.mp4 Loading the player… Leading tech stocks have lagged so far this year, as the overall market has not performed well. But now that the market is pivoting higher, it’s worth taking a fresh look at those big-cap tech names. Let’s check back in with the FANG stocks: Facebook ( FB ), Amazon ( AMZN ), Netflix ( NFLX ) and Google parent Alphabet ( GOOGL ). Amazon gapped up almost 5% to retake the critical 200-day line in slightly below-average volume. Shares breached that level in the days following Amazon’s last quarterly report, when its results missed estimates. The stock is now trading less than 20% below its all-time high, reached at the end of last year. The e-commerce giant on Monday raised the minimum order threshold for free shipping, amid a rise in shipping costs. Customers who are not Prime members must have orders of at least $49, up from the prior minimum of $35. The move could push more consumers to buy Amazon’s $99 annual Prime membership. Netflix gained 3% Monday, but its 50-day and 200-day lines are converging, which is very bearish. Volume was lighter than average. The technical sign comes as the stock has underperformed over the last several months. In January, Netflix announced a global expansion, and it’s continually adding new original content. But some analysts say that Hulu could challenge Netflix as it expands and invests in its own content. Facebook shares moved 2.5% higher Monday in average trade after regaining support at its 50-day line last week. The stock broke out of a base on earnings last month, but it reversed lower off of a new all-time high shortly after, as the market continued to sell off. Facebook CEO Mark Zuckerberg said over the weekend at this year’s Mobile World Congress that virtual reality is “the next platform.” The company’s Oculus Rift headset is priced at $599 dollars, cheaper than the just-announced $799 dollar price tag for the competing HTC Vive. Meanwhile, Alphabet rose 1% in below-average volume. The stock is trading below its 50-day line and about 10% below its high reached in early February. Scalper1 News Scalper1 News Related posts: Nvidia Retakes Critical Level As Stock Spikes On Earnings This FANG Stock Just Tripped A Very Bearish Signal Tech Leaders Rally; Netflix Retakes Key Level Why Facebook, Google, Amazon Are Best Positioned For Mobile