U.S. markets continued to fall last Tuesday as the deadline for the U.S. government to raise the debt-ceiling loomed closer. Technology stocks were amongst the biggest losers on the markets as investor’s began to cash out of sectors that have outperformed the broader markets this year. "All of the sudden, you've got these question marks coming in from earnings reports and the government shutdown and you've got these portfolio managers saying, 'What is left here for me to keep my neck out? Why not take some profit?'" said Daniel Morgan, senior portfolio manager at Synovus Trust Company. The NASDAQ fell 75.55, or 2.0 percent, to close at 3694.83.
Amazon.com, Inc. (NASDAQ: AMZN) shares traded in the range of $300.27 to $311.55 last Tuesday before settling to close at $303.23, a decrease of 2.19 percent. The stock appears to be facing some resistance at the $305.94 and $311.13 levels with some support at $300.06. Shares of Amazon.com have gained approximately 20.0 percent in 2013.
More information on Amazon.com and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AMZN
Angie's List Inc. (NASDAQ: ANGI) shares traded in the range of $14.41 to $16.14 last Tuesday before settling to close at $15.69, a decrease of 2.43 percent. The stock appears to be facing some resistance at the $18.46, $20.06 and $21.45 levels. Shares of Angie's List have gained approximately 30.0 percent in 2013.
More information on Angie's List and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ANGI
Groupon Inc. (NASDAQ: GRPN) shares traded in the range of $10.34 to $11.16 last Tuesday before settling to close at $10.52, a decrease of 4.58 percent. The stock appears to be facing some resistance at the $10.55 and $11.31 levels with some support at $9.38. Shares of Groupon have gained approximately 115.0 percent in 2013.
More information on Groupon and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GRPN
Tripadvisor Inc. (NASDAQ: TRIP) shares traded in the range of $70.87 to $75.83 last Tuesday before settling to close at $71.70, a decrease of 5.47 percent. The stock appears to be facing some resistance at the $72.53 and $73.24 levels with some support at $68.95. Shares of Tripadvisor have gained approximately 70.0 percent in 2013.
More information on Tripadvisor and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TRIP
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