Two Bearish Charts --- AAPL, TWTR

As the general stock market is rallying towards new highs, price trend of both Apple (AAPL) and Twitter (TWTR) are looking very bearish.

Apple ( AAPL 524.93)

AAPL failed to stay above 50 day moving average at 537 after a strong rebound first half of February. It has now formed a bearish 4 month Head and Shoulder Top. It may come down to test its 200 day moving average at around 487. Latest analyst actions are: Barclay downgrade from Overweight to Equal Weight on 2/20 while Standpoint Research downgrade from Hold to Sell on 1/6.

Twitter (TWTR 54.97)

TWTR has been trending down since last December from around 75. It rebounded toward 50 day moving average but failed to break through. Down trend has reasserted. Near term down side target is 50. Latest analyst actions are: UBS downgraded from Neutral to Sell while Stifel downgraded from Buy to Hold, both actions were done on 2/6.

Disclaimer: The above write up is for your information only. You are responsible for your own risk when taking position in these stocks. Author of this blog may already own position in the mentioned stocks.