“When you compare Apple (AAPL) and Google (GOOG) you must consider both fundamental and technical analysis,” Richard Suttmeier writes for TheStreet. “When Apple traded below $400 in April and in June, the stock became the cheapest value stock in the ValuEngine universe and had a buy rating. Google on the other hand has been overvalued all year so far.”
“The key for [AAPL] stock is now technical momentum. The stock is overbought on its daily chart and has a positive weekly chart profile after the stock held its 200-week simple moving average at $286.51 at the end of June. Apple has mojo status as long as weekly closes are above its five-week modified moving average at $461.89,” Suttmeier writes. “My proprietary analytics correctly projected that Apple would return to my annual pivot at $510.64 where buy-and-trade investors should book some profits. To gain additional mojo the stock must have a close today above $510.64 as such indicates upside to my semiannual risky level at $620.84.”
Read more in the full article here.
It’s iMojo.
Google is an advertising company with its teeth around the Internet’s nut sac. Apple, aspires creates tangible magic. History will run its course.
One of the most elegant analyses of Apple I have read on MDN in a long time.
Great article, what an insight, and the Fibonacci angular stuff. He sure gives a clear picture of his proprietary analytics.
Here is Ms. Fibonacci showing the results of a few propriety analytics she has run on stock analysis (Richard Suttmeier’s analysis is shown in the first top left photo)
Say, you might want to post a NSFW tag next time. Lots of people read this column at work as part of their tech updating. Luckily, I happen to be home today.
You are absolutely right those aren’t very safe for work, but it certainly does not stop analysts from using them.
So why has Google been overvalued all year? Is it because Larry Page knows how to run a company better than Tim Cook? Why doesn’t Apple just buy Yahoo and get into internet advertising just like Google? Honestly, what does Apple have to lose? Yahoo is doing pretty well lately. It would seem to be as good an acquisition as any to boost Apple’s value. Surely the two companies combined wouldn’t cause Apple to be worth less.
I can understand if Wall Street wants Google to be a higher valued stock than Apple, but by almost $400 a share is really too much to swallow.