Amazon.com Inc (AMZN), Twitter Inc (TWTR) And Intel Corporation (INTC) - Today's Technical Trading Ideas

MACD Makes Bearish Crossover For Amazon.com Inc (NASDAQ:AMZN) Stock.

AMZN Stock Technical Chart

On Wednesday, shares of Seattle, Washington-based Amazon.com, Inc. (NASDAQ:AMZN) fell by 0.5%, and with that the Moving Average Convergence Divergence (MACD) made a bearish crossover with the signal line. However, if you look at some of the other technical indicators for Amazon stock, things don't look bad at all. In fact, by the looks of it, AMZN stock has further upside left in the near term. As you might have noticed, the stock price is still trading higher than its 20 day and 50 day Simple Moving Averages (SMAs). Further, the stock is not overbought, either based on the Bollinger Bands or the Relative Strength Index. Amazon's stock price is still well below the upper Bollinger Band, which signals an overbought condition and the RSI reading is currently way below 70. All in all, you might want to ignore this bearish crossover, and the stock looks like it has further upside right now.

Twitter Inc (NYSE:TWTR) Stock Faces Strong Resistance Despite Bullish MACD Crossover.

TWTR Stock Technical Chart

Shares of San Francisco, California-based Twitter Inc (NYSE:TWTR) closed higher yesterday, by close to 0.7%. And the MACD has made a bullish crossover with the signal line, which might come as welcome relief for Twitter shareholders. However, while these are positive signs, TWTR stock faces strong resistance from its 20 day Simple Moving Average (SMA). If the stock manages to break out above this resistance, on higher volume, it could be deemed as a positive technical trigger. At the moment, the Bollinger Bands offer no additional indication of about the direction in which the stock could move. The RSI is currently at 32, closer to, but not in oversold territory. Technical traders might want to keep an eye on the stock's movement today after markets open.

Intel Corporation (NASDAQ:INTC) Stock Breaks Out Above 200 Day And 50 Day SMA.

The technical indicators are bullish for investors in Santa Clara, California-based Intel Corporation (NASDAQ:INTC). Intel's stock price has made a break out above both, its 50 day and 200 day Simple Moving Averages (SMAs). What's more, it has registered a gapped up to break out, which is considered a very positive signal. It's on the verge of moving above the 100 day SMA, and that combines with an MACD that's also on the verge of making a bullish crossover with the signal line. Neither the Bollinger Bands nor the RSI indicate an overbought condition, and by the looks of it, Intel stock looks set to head higher from here.

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Vikram Nagarkar Vikram Nagarkar   on Amigobulls :

Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice.

Buying and selling of securities carries the risk of monetary losses.Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions.

Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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