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Both Google and Apple Are Performing Well

By provides analysis for these tech stocks.

MINYANVILLE ORIGINAL In our August 23 article Top 20 Strongest Names in the S&P 500, we mentioned that we wanted readers to take note that Google (GOOG) made our Top 20 S&P 500 names based on's proprietary algorithm. The name was trading at $676 and was the only technology name besides Amazon (AMZN) in the top 20. went to a Strong Buy (5) back on July 30 at $632. As Google makes new 52-week highs, we wanted to revisit the name. As you can see from the chart below, the counter trend indicator is neutral and not even approaching overbought. At this juncture, there is a high probability of this stock moving higher.


Click to enlarge

We also want to follow up on Apple (AAPL). Since our August 17 article $600 Billion and Counting: Could Apple Be the First Company to Hit a $1 Trillion Market Cap?, the stock has moved another 25 points higher. We wanted to point out in the chart below that this name is not close to overbought based on our proprietary counter trend indicator.


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Click to enlarge

To learn more about ChartLabPro's algorithm visit
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No positions in stocks mentioned.
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