Top tech names Facebook (FB), CyberArk (CYBR), Apple (AAPL) and Netflix (NFLX) lead your stocks to watch this week as all four near key levels of support, resistance or buy points.
With a 2.5% gain in heavy volume Tuesday, Leaderboard member Facebook entered a new buy range past a 128.43 buy point from a tight flat base. But with stocks pulling back Friday, the social media giant dropped out of buy range. Facebook rose 1.25% to 128.69 in the stock market today.
IBD'S TAKE: Leaderboard is IBD's curated list of top-name growth stocks that could provide actionable trading opportunities. The platform includes chart mark-ups and other insights and analysis. To see which names join Facebook on the list, and to take a free trial, check out Leaderboard.
CyberArk
Fellow Leaderboard member CyberArk hit its highest level in more than a year Wednesday but reversed lower in above-average volume. That move put the stock back below a 57.67 buy point just cleared in the prior session. CyberArk has now undercut its 50-day moving average, dropping 5.5% Friday in heavy volume. Shares have dipped below that level several times over the past month, but were able to quickly regain their composure.
CyberArk erased early losses Monday to close 1.4% higher at 52.58.
Apple
Apple also undercut its 50-day line with a 2.3% retreat Friday, as investors failed to be impressed by the consumer tech behemoth's fall product Apple launch event. The 50-day line just crossed above the 200-day line, which is bullish, but the stock is fading away from a potential buy point at 110.33.
Apple rose 2.2% to 105.44, retaking its 50-day line.
Netflix
Netflix, which is 28% below its 52-week high, has been hitting resistance near the 200-day line for the past few sessions and gapped well below it Friday. Netflix also hit resistance there as it attempted to retake the line in May and July. Even if the stock was able to climb back above this key support level, the chart has suffered technical damage, with the 50-day line below the 200-day since February amid some rocky earnings reports.
Netflix rose 2.6% to 99.05, finding support at the 50-day line and close to its 200-day as it remains in a narrow channel.
