These 3 Tech Giants Lead Your Stocks To Watch: Which Names Are Actionable? – Investor's Business Daily

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Your stocks to watch this week as the major indexes continue to steadily climb are tech giants Apple (AAPL), Facebook (FB) and Amazon.com (AMZN), as well as Grubhub (GRUB) and Dave & Buster’s (PLAY).

Apple

Apple is beginning to recover from the sharp sell-off among tech stocks earlier this month. It is now looking to form the right side of a flat base with a 156.75 buy point. Apple rose 0.5% to 146.35 in Friday stock market trading, up nearly 3% for the week. But shares have yet to retake the 50-day line, which is a key hurdle.

Facebook

Fellow tech giant Facebook continues its rebound from its 50-day moving average. Shares rose 1.1% to 155.09, close to its all-time intraday high of 155.59 set June 9 before big techs’ reversal that day. Volume has been declining as Facebook has been trending higher, which is not a great sign,

Amazon

Amazon, a member of Leaderboard, has been trading in a tight range back around the 1,000 price level over the past few sessions, rising 0.2% to 1,003.74 on Friday. Shares are now extended from the add-on opportunity presented when the stock rebounded higher from the 50-day line.

Grubhub

Grubhub — which has been rising on news that it may be Amazon’s next takeover target after the e-commerce giant announced an agreement to buy Whole Foods (WFM) — is trading in buy range. Shares first cleared the 46.94 entry on Wednesday, dipped below on Thursday and rebounded 3% to 47.70 on Friday. Grubhub is also on IBD’s Leaderboard.

Dave & Buster’s

Dave & Buster’s is rebounding higher after testing support at its 50-day moving average. It’s only the first time the stock has touched the line since becoming extended from a buy point initially cleared in February, meaning it’s an additional chance to buy. But volume on the rebound hasn’t been very heavy, which is a red flag.

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Data Tables: Tech Leaders