$AAPL vs $NFLX: Two FAANG Stocks Heading Different Directions

Chris Kimble

Over the past 18 months or so, large cap momentum stocks have slowed.

Most notable of the large cap momentum names are the FAANG stocks – Facebook, Apple, Amazon, Netflix, and Google.

Today, we look at two of those names… heading in different directions: Apple (AAPL) and Netflix (NFLX).

Both stocks appear to be at important time/price points.

In the chart below, we can see that Apple’s stock (AAPL) is testing breakout resistance at (1). A breakout here could propel AAPL to $350 on a measured move basis.

Looking at Netflix (right side), we can see that the stock price is breaking down below 4-year rising trend channel support at (2). This development is structurally bearish for the stock. Important support resides at $240, which should be a battle ground for bulls and bears. Stay tuned!

Apple $AAPL versus Netflix $NFLX Performance Price Chart

2 faang stocks different directions bull bear apple netflix analysis chart october

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