SBUX, XOM And PG May Be Turning A Corner

I like to see what the technical indicators say each day on some of the most popular stocks and post those results on my Stock Picks Blog.Today Starbucks (NASDAQ:SBUX), Exxon Mobil (NYSE:XOM) and Procter & Gamble (NYSE:PG) all still have Trend Spotter sell signals but those signals are beginning to weaken and just may turn to corner soon:

Starbucks (SBUX)

Barchart technical indicators:

  • 32% technical sell signals
  • Trend Spotter sell signal but weakening
  • Above its 20 day moving average but still below its 50 and 100 day moving averages
  • 9.88% below its recent high
  • Relative Strength Index 50.04%
  • Barchart computes a technical support level at 72.28
  • Recently traded at 74.31 which is below its 50 day moving average of 75.83


Exxon Mobil (XOM)

Barchart technical indicators:

  • 48% technical sell signals
  • Trend Spotter sell signal but weakening
  • Below its 20, 50 and 100 day moving averages
  • 11.58% off its recent high
  • Relative Strength Index 45.61%
  • Barchart computes a technical support level at 90.17
  • Recently traded at 92.65 which is below its 50 day moving average of 96.08


Proctor & Gamble (PG)

Barchart technical indicators:

  • 48% Barchart technical buy signal
  • Trend Spotter sell signal but weakening
  • Above its 20, 50 and 100 day moving averages
  • Only 1.95% below its recent high
  • Relative Strength Index 53.95%
  • Barchart computes a technical support level at 82.28
  • Recently traded at 84.32 which is above its 50 day moving average of 83.46

Disclosure: None

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