Akamai Technologies Inc (NASDAQ:AKAM)
Akamai Technologies, made a double top at 62.50 in June and has been pulling back. The move down Friday took it under the 100 day SMA and made a new lower low in the RSI, as it moved into the bearish zone. The MACD avoided a cross up last week and is falling again. Short interest is under 3%.
Apache Corporation (NYSE:APA)
Apache gapped higher July 22nd and stalled. Last week it printed a Spinning Top candle Thursday and confirmed it lower Friday, looking for more downside. There is a gap below to fill and the 50 and 100 day SMA’s are below that. The RSI is approaching the mid line from above with a MACD that crossed down Friday.
Cigna Corporation (NYSE:CI)
Cigna, made a top near 97 two weeks ago and has pulled back. The Spinning Top Thursday was confirmed higher Friday as the price moved back within the Bollinger bands. The RSI kinked back higher, although the MACD is still running down. This sets up well to look both up and down.
McKesson Corporation (NYSE:MCK)
McKesson had tested and failed on a break out a couple of times before holding higher Friday after earnings on strong volume. The RSI is in the bullish zone and has a lot of room higher with a MACD that has just crossed up.
Northern Trust Corporation (NASDAQ:NTRS)
Northern Trust a former favorite from the long side, is pulling back from a top at 68. The two long strong red candles to close the week suggest more downside with a RSI running lower and a MACD about to cross
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