These three tech stocks are nearing key technical indicators after Tuesday’s trading

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

These three tech stocks are nearing key technical indicators after Tuesday’s trading

Recent moves by three major tech stocks are putting some technical trading theories to the test, according to Jessica Inskip, director of investor research at StockBrokers.com. Inskip said during a “Three Stock Lunch” segment on Tuesday that Meta Platforms , Intel and

This is the hidden content, please

• Sign In
• or
• Sign Up

are all near key areas on their technical charts. Meta’s winning streak Meta Platforms fell about 2.8% on Tuesday, breaking the stock’s 20-session winning streak. Inskip said Meta is still in a “bullish trading cycle” overall but is near the top of the expected range after the recent hot streak. “If you look at the bollinger bands, which represent two standard deviations, it reaches that, loses its momentum, and then it has a pullback and finds support around the 13-weekly moving average,” Inskip said on ” Power Lunch .” It could take four-to-six weeks until the stock drifts down to that support level, she added. Intel’s bounce Intel, on the other hand, appears to have shifted into a new trading pattern. The stock rose 16% on Tuesday after a Wall Street Journal report that the chipmaker could be broken up and sold to competitors. The rally is sign of life for a stock that fell about 60% in 2024. INTC 5Y mountain Shares of Intel jump 15% on Tuesday, erasing some of their losses from last year. “This one actually overcame all of its major milestones to shift into a bullish trading cycle and it’s forming a base,” Inskip said. The stock, which closed above $27 per share Tuesday, has areas of support around $24 and $21 that could help confirm the change, Inskip explained. “This is a base. We need it to stay. If we go below $21, that is bad,” she added. Key levels for

This is the hidden content, please

• Sign In
• or
• Sign Up

Shares of

This is the hidden content, please

• Sign In
• or
• Sign Up

fell 0.9% on Tuesday, and the stock is now underperforming the S & P 500 year to date. The chart for the e-commerce giant is still positive, but the stock is nearing a key support level, Inskip said. “A sell-off could be triggered if we have a weekly close below the 13-weekly moving average, which is around $225, so watch that,” she said.

This is the hidden content, please

• Sign In
• or
• Sign Up

closed at $226.65 per share Tuesday.

This is the hidden content, please

• Sign In
• or
• Sign Up

#tech #stocks #nearing #key #technical #indicators #Tuesdays #trading

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up