FFIV, this networking high flyer has been losing altitude recently. FFIV has a PE of 24 competes with Cisco whose PE is 24 and EMC whose PE is 19 which are both big and tough competitors.
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FOSL – Maybe Just too Much Competition
After a good earnings report the stock flamed out. Concern about the demographic that buys these products, as well as coming introductions of hot watches from AAPL and Samsung are pressuring these shares.
After a double top at 140 and then crashing in May of 2012, FOSL has struggled to regain its monster run. Now a head and shoulders topping formation leads us to believe we are looking at lower prices.
NKE – We liked it on 3/7/2013
Nice Cup and Handle approaching all time highs as the dow JUST DO IT.. http://stks.co/iNwP Chart from 3/7/3013
And we Like NKE Today 3/22/2013
SELL…SELL…SELL..?
We are noticing more and more charts that are breaking down hard after they had nice upside runs. Three cases in point: CLF, LULU, and IMH. Three different disasters. Three different industries. One could argue “they all have had bad reports.” But the market keeps hitting new highs. It is typical before significant downturns to see these red flags popping up. And these are red !! Be careful out there !
LULU Breaking support heading lower
Heading back to 2009 low?
DOWN, DOWN, DOWN,
Don’t Sell APPL Short…Looks like higher prices in the short term
AAPL
MagmaTraders 