3 Big Stock Charts for Friday: General Electric Company, Nvidia Corporation and Alphabet Inc

The market is clearly taking its lead from the buzz surrounding the tax reform vote as futures spent the overnight session on a dizzying roller coaster ride. This morning’s trade is less exciting with the major indices trading mixed; however, there are still a number of popular stocks that are moving into potentially dangerous short-term trends.

Today’s three big stock charts look at the recent activity of General Electric Company (NYSE:GE), Nvidia Corporation (NASDAQ:NVDA) and Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL). The charts of two of these companies are suggesting lower prices on the way, while one continues to show strength.

General Electric Company (GE)

Could it be that General Electric is setting-up for another decline? GE stock suffered a huge decline after its most recent earnings announcement along with revelations of “ghost jets.”

But now, after a short rest, the stock appears to be ready to run lower again.

Nvidia Corporation (NVDA)

This white-hot stock is finally seeing some selling pressure as we head into the last month of trading for 2017. Traders are likely to take their cue from any change in the technical trend, which Nvidia shares are threatening to do now.

Alphabet Inc (GOOGL)

Another technology name that has been running into selling pressure is Alphabet. GOOGL shares topped at $1,080, but have seen significant selling pressure over the last week.

Now, the stock faces a technical battle to remain in the bull’s good graces looking forward into the end-of-year trade.

As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.

« NTT Docomo's (DCM) Healthy Earnings Visibility Make it a Buy Why GoPro Inc Stock May Still Be a Sinking Ship »