3 stocks on Wall Street that could continue to decline in the week of September 13th

3 stocks on Wall Street that could continue to decline in the week of September 13th
3 stocks on Wall Street that could continue to decline in the week of September 13th

Today our Research Department analyzes Apple, Microsoft and Verizon Communications, they are 3 stocks on Wall Street that could continue to decline in the week of September 13th.

The probability of seeing declines between September and October is always higher than in the other months of the year. The pattern that formed last week seems to confirm the beginning of a decline but as usual we will proceed step by step without taking anything for granted.

What are the levels on the American stock indices that will instead file this hypothesis?

Dow Jones

Bullish reversal with a weekly close above 35,374.

Nasdaq C.

Bullish reversal with a weekly close above 15,404.

S&P 500

Bullish reversal with a weekly close above 4.536.

3 stocks on Wall Street that could continue to decline in the week of September 13th

Apple, last price at 148.97. Until we see a weekly close above 157.26, prices could continue to drop in a few weeks towards the 141/137 area. In the short term, a first bullish indication would be with a daily close above 155.48. Fair value estimated by our Research Department at $ 120 per share. The recommendations of the other analysts converge instead around the price of 163.29.

Microsoft (NASDAQ:MSFT), last price at 295.71. Until there is a weekly close above 305.84, prices could continue to fall in a few weeks towards the area of ​​284.13 / 273.35. In the short term, a first bullish indication would be with a daily close above 302.14. Fair value estimated by our Research Department at $ 380 per share. The recommendations of the other analysts converge instead around the price of 328.65.

Verizon Communications, last price at 54.23. Until a weekly close above 55.50 is seen, prices could continue to fall in a few weeks towards the 48.84 area. In the short term, a first bullish indication would be with a daily close above 54.87. Fair value estimated by our Research Department at $ 150 per share. The recommendations of the other analysts converge instead around the price of 60.52.

(We remind you to carefully read the warnings regarding this article, which can be consulted WHO”)

Source

stocks Wall Street continue decline week September #13th

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