Daily Trend Report on the FANG+3 stocks for August 14, 2020
Scroll down to view today’s Trend Charts of the FANG+3 stocks (FB, AAPL, AMZN, NFLX, MSFT, GOOGL, & TSLA)
The Dow Jones Industrial Average was up 34 points today. Three of the seven “FANG+3” stocks were up slightly on the day (MSFT, NFLX, & TSLA), and the other four were down slightly. It was a very quiet day all around. As a matter of fact, most of the FANG+3 stocks have made very little progress to in either direction since mid-July. Beware! Narrow, sideways periods generally give way to breakouts. Next week could exhibit more aggressive price action. Here are today’s trend-following, educational screenshots:
(click on each screenshot to enlarge)
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