Posted in company, funds, sectors, tickers

Relative Strength

The FTSE 100 Index (UKX:IND) dropped 1.20% or 74.70 points to 6,167.19 early Monday morning after losses last week below the fifty-week simple moving average. The relative strength comparison of indexes is pointing to mild positive to neutral technical eminence.

The Nasdaq Composite opened lower 1.26% or 60.83 points to 4,756.77 at 12.10 p.m. on Monday. The S&P 500 index dropped 0.95% or 19.78 to 2,061.65 at midday while the Dow Jones Industrial Average fell 0.85% or 152.10 to 17,739.06.

Shares of Alphabet Inc (GOOG) stepped down 0.60% or $4.18 to $694.03 as forward-looking investors have welcomed its wearable products for some time now. Apple Inc (AAPL) gained 0.97% or 91 cents to $94.55 in early afternoon despite media buzz that high-profile investor Carl Icahn exited Apple to invest in Xerox Corp (XRX).

 

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