Published on 3 May 2017
Serge
Berger, founder of TheSteadyTrader.com says the steep year-to-date
rallies in Alphabet, Apple and Facebook increasingly look unsustainable
at this rate. He thinks many of these large cap 'tech' names have either
reached or pierced above the very upper end of their already steep
trends, which makes a continuation of this rate of change unlikely and
that through a multi-week/month lens these stocks will likely see
consolidation if not outright mean-reversion moves lower.
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