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Apple, Tesla, and Amazon Are Overbought and Very Risky: Charts

The Street Logo By Richard Suttmeier of The Street | Slide 1 of 8: Tesla Inc. has been the mojo leader so far in 2017, and since its post-election low set on Nov. 14 is up 101.8%, setting its all-time high of $360.50 on Wednesday. Apple Inc. set its all-time intraday high of $156.65 on May 15, and since then has been trading around my annual pivot of $151.69, last tested on May 18. Amazon.com , Facebook , Alphabet and Netflix set their post-election lows on Nov. 14 and have set all-time intraday highs on June 6. These stocks and Apple are up between 34.7% and to 49.6% from their post-election lows. All six stocks have positive but overbought weekly charts, and have risky levels at which to reduce holdings on strength.

Tesla Inc. has been the mojo leader so far in 2017, and since its post-election low set on Nov. 14 is up 101.8%, setting its all-time high of $360.50 on Wednesday.

Apple Inc. set its all-time intraday high of $156.65 on May 15, and since then has been trading around my annual pivot of $151.69, last tested on May 18.

Amazon.com , Facebook , Alphabet and Netflix set their post-election lows on Nov. 14 and have set all-time intraday highs on June 6.

These stocks and Apple are up between 34.7% and to 49.6% from their post-election lows. All six stocks have positive but overbought weekly charts, and have risky levels at which to reduce holdings on strength.

Click through the slideshow to see a stock scorecard and an analysis of each one.

© TheStreet

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