Technical on 5 popular stocks

Just because a stock is popular does not mean you have to follow the herd and be in it too.  Today I took a list of the 5 most popular stocks with the readers of Seeking Alpha and used Barchart to see how their technical indicators are doing.

Today's list includes Apple (AAPL), Bank of America (BAC), General Electric (GE), Facebook (FB) and Microsoft (MSFT):

Apple (AAPL)

Barchart technical indicators:

• 24% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20 and 50 day moving averages
• 8.31% off its recent high
• Relative Strength Index 47.41%
• Barchart computes a technical support level at 107.61
• Recently traded at 108.83 which is below its 50 day moving average of 112.16

Bank of America (BAC)

Barchart technical indicators:

• 56% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 2, 50 and 100 day moving averages
• 11.92% off its recent high
• Relative Strength Index 30.44%
• Barchart computes a technical support level at 15.56
• Recently traded at 15.47 which is below its 50 day moving average of 17.79

General Electric (GE)

Barchart technical indicators:

• 80% Barchart technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 13.62% off its recent high
• Relative Strength Index 28.84%
• Barchart computes a technical support level at 23.24
• Recently traded at 23.76 which is below its 50 day moving average of 25.67

Facebook (FB)

Barchart technical indicators:

• 40% Barchart technical sell signals
• Trend Spotter hold signal
• Below its 20, 50 and 100 day moving averages
• 7.80% off its recent high
• Relative Strength Index 44.70%
• Barchart computes a technical support level at 75.33
• Recently traded at 75.46 which is below its 50 day moving average of 76.51

Microsoft (MSFT)

Barchart technical indicators:

• 56% Barchart technical sell signal
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 8.15% off its recent high
• Relative Strength Index 42.42%
• Barchart computes a technical support level at 45.32
• Recently traded at 45.72 with a 50 day moving average of 47.66

I'm not saying you should sell all of these if you are presently holding them but I am saying they look to be in a downward trend and you might be able to acquire them at a lower price tomorrow or next week.