` Gary Investing Blog: 09/19: AAPL, GOOG, PCYC

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Thursday, September 19, 2013

09/19: AAPL, GOOG, PCYC

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Apple is still closing below 200SMA after the good news from the Fed yesterday. AAPL was traded with very low volume yesterday compared with SPY. How prices on AAPL develops this week is very important to its outlook. Before AAPL breaking above 200SMA, I remain bearish with a target $400.

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Google, Inc. (NASDAQ: GOOG) breaks slightly above the last peak, closing at $903.32. I target $930 in two weeks when the positive effect of the FED not tapering should wear off by then. Let's see if 50SMA can be a major support from now.

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Pharmacyclics, Inc. (NASDAQ: PCYC) beaks are not getting higher with sluggish movement. PCYC is at its high again. RSI and MACD are showing negative divergences as both are falling against the price uptrend. You should consider profit-taking; however I don't suggest going short as a breakabove might lead to short squeeze as well.

Thanks for reading,

Gary Investing Blog

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