These Nasdaq 100 stocks broke their long-term trend in the past week

cnbc2021-03-08

A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure. Amazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...

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精彩评论

Sweatheart
2021-03-09
Sweatheart
Blue chip of the lifetime, such a good opportunity to own one of them now
- CY_Ng:
  so sure for life?
- KePohChi:
  personal conviction
- Sweatheart回复KePohChi:
  Boris schlossberg mentioned in the article tho, but then i believes on it too
- CY_Ng:
  yes
LuCS
2021-03-09
LuCS
Tell me your opinion about this news...
Shifeng
2021-03-09
Shifeng
Look for the good business!
- RicPuah:
  👍
458fd99c
2021-03-09
458fd99c
April rebound
- CubTrader:
  Okay. Will wait until April then
AdrianTan
2021-03-09
AdrianTan
Great time to add!
- TraderJo98:
  Yesss!!
ZCZC
2021-03-09
ZCZC
Hoot

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That’s because all these companies are essentially subscription-based companies with very, very loyal customer followings and an absolutely market-dominant position,” Schlossberg told CNBC’s “Trading Nation” on Friday.\nSchlossberg elaborated that Amazon is a “blue chip of a lifetime” with a deep moat in retail, while Adobe is a “fortress-like business” with its software portfolio.\nZoom, however, could still have more downside, though Schlossberg said it is still a clear winner given how widely it has been adopted during the coronavirus pandemic.\n“Zoom, I think, has established a major beachhead. That having been said, it’s the biggest stock risk at this point. It easily could come in 100 more points to the downside, and still be relatively highly valued,” he said.\nCraig Johnson, chief market technician at Piper Sandler, is not surprised by recent weakness in these names. 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Zoom, too, could drop to $235 from its $332.\n\n\n“I think it’s probably going to be challenging over the next couple months until we finally get a deeper washout in these tech stocks and, frankly, I think it’s a bit overdue,” said Johnson.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":329267219,"gmtCreate":1615252283131,"gmtModify":1703486253626,"author":{"id":"3575840373160417","authorId":"3575840373160417","name":"Sweatheart","avatar":"https://static.tigerbbs.com/ab86ad4cc3ef27ac34dce5bd65f8701e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575840373160417","authorIdStr":"3575840373160417"},"htmlText":"Blue chip of the lifetime, such a good opportunity to own one of them now","listText":"Blue chip of the lifetime, such a good opportunity to own one of them now","text":"Blue chip of the lifetime, such a good opportunity to own one of them now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/329267219","repostId":1199173220,"repostType":4,"repost":{"id":"1199173220","pubTimestamp":1615218211,"share":"https://www.laohu8.com/m/news/1199173220?lang=&edition=full","pubTime":"2021-03-08 23:43","market":"us","language":"en","title":"These Nasdaq 100 stocks broke their long-term trend in the past week","url":"https://stock-news.laohu8.com/highlight/detail?id=1199173220","media":"cnbc","summary":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\n","content":"<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Nasdaq 100 stocks broke their long-term trend in the past week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 23:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","AMZN":"亚马逊","ADBE":"Adobe"},"source_url":"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1199173220","content_text":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week as rising rates and the reopening trade made high-growth stocks less attractive to investors.\nThree of those may have been unfairly punished, said Boris Schlossberg, managing director of FX strategy at BK Asset Management.\n“I absolutely love Amazon, Adobe and Zoom for one very simple reason. That’s because all these companies are essentially subscription-based companies with very, very loyal customer followings and an absolutely market-dominant position,” Schlossberg told CNBC’s “Trading Nation” on Friday.\nSchlossberg elaborated that Amazon is a “blue chip of a lifetime” with a deep moat in retail, while Adobe is a “fortress-like business” with its software portfolio.\nZoom, however, could still have more downside, though Schlossberg said it is still a clear winner given how widely it has been adopted during the coronavirus pandemic.\n“Zoom, I think, has established a major beachhead. That having been said, it’s the biggest stock risk at this point. It easily could come in 100 more points to the downside, and still be relatively highly valued,” he said.\nCraig Johnson, chief market technician at Piper Sandler, is not surprised by recent weakness in these names. He said a lot of the high-momentum, high-growth stocks have been consolidating in a sideways pattern since late summer.\n“Take Amazon as an example here. It moved sideways in this consolidation range, roughly about a 500-point consolidation range, but it has been an underperformer. Now, you could say that the stock is resting or maybe we need to see a deeper correction,” Johnson said during the same interview.\n\nHe said Amazon needs to hold support at the lower end of its range at roughly $3,000. If it fails to do so, its next support comes in at $2,500. It traded at roughly $3,040 on Monday.\nAdobe and Zoom, meanwhile, look to be in a downward-trending price channel, he said. Adobe could fall to $425 and then, if breached, likely down to $385, he said – it was trading at $439 on Monday. Zoom, too, could drop to $235 from its $332.\n\n\n“I think it’s probably going to be challenging over the next couple months until we finally get a deeper washout in these tech stocks and, frankly, I think it’s a bit overdue,” said Johnson.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3755289,"gmtCreate":1615331640239,"gmtModify":1635756696438,"authorId":3562206499105387,"author":{"id":3562206499105387,"idStr":"3562206499105387","authorId":3562206499105387,"name":"CY_Ng","avatar":"https://static.tigerbbs.com/eba016392472f02387b5ae5505dbc524","vip":2,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329267219,"type":1,"supId":0,"prevId":0,"content":"so sure for life?","text":"so sure for life?","html":"so sure for life?"},{"id":3756682,"gmtCreate":1615340775105,"gmtModify":1635756595141,"authorId":3576486919019001,"author":{"id":3576486919019001,"idStr":"3576486919019001","authorId":3576486919019001,"name":"KePohChi","avatar":"https://static.tigerbbs.com/3b489516014133ba7e0540fda7a8ec05","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329267219,"type":1,"supId":3755289,"prevId":0,"content":"personal conviction","text":"personal conviction","html":"personal conviction"},{"id":3760271,"gmtCreate":1615376149811,"gmtModify":1635756401625,"authorId":3575840373160417,"author":{"id":3575840373160417,"idStr":"3575840373160417","authorId":3575840373160417,"name":"Sweatheart","avatar":"https://static.tigerbbs.com/ab86ad4cc3ef27ac34dce5bd65f8701e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3576486919019001,"repliedAuthor":{"id":3576486919019001,"idStr":"3576486919019001","authorId":3576486919019001,"name":"KePohChi","avatar":"https://static.tigerbbs.com/3b489516014133ba7e0540fda7a8ec05","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":329267219,"type":1,"supId":3755289,"prevId":3756682,"content":"Boris schlossberg mentioned in the article tho, but then i believes on it too","text":"Boris schlossberg mentioned in the article tho, but then i believes on it too","html":"Boris schlossberg mentioned in the article tho, but then i believes on it too"},{"id":3760334,"gmtCreate":1615376776707,"gmtModify":1635756399439,"authorId":3562206499105387,"author":{"id":3562206499105387,"idStr":"3562206499105387","authorId":3562206499105387,"name":"CY_Ng","avatar":"https://static.tigerbbs.com/eba016392472f02387b5ae5505dbc524","vip":2,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329267219,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"EN"},{"id":329233847,"gmtCreate":1615249337089,"gmtModify":1703486199340,"author":{"id":"3575673707879494","authorId":"3575673707879494","name":"LuCS","avatar":"https://static.tigerbbs.com/d2df61ef98e356911cb6f0b530be11d9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575673707879494","authorIdStr":"3575673707879494"},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329233847","repostId":1199173220,"repostType":4,"repost":{"id":"1199173220","pubTimestamp":1615218211,"share":"https://www.laohu8.com/m/news/1199173220?lang=&edition=full","pubTime":"2021-03-08 23:43","market":"us","language":"en","title":"These Nasdaq 100 stocks broke their long-term trend in the past week","url":"https://stock-news.laohu8.com/highlight/detail?id=1199173220","media":"cnbc","summary":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\n","content":"<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Nasdaq 100 stocks broke their long-term trend in the past week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Nasdaq 100 stocks broke their long-term trend in the past week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 23:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","AMZN":"亚马逊","ADBE":"Adobe"},"source_url":"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1199173220","content_text":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week as rising rates and the reopening trade made high-growth stocks less attractive to investors.\nThree of those may have been unfairly punished, said Boris Schlossberg, managing director of FX strategy at BK Asset Management.\n“I absolutely love Amazon, Adobe and Zoom for one very simple reason. That’s because all these companies are essentially subscription-based companies with very, very loyal customer followings and an absolutely market-dominant position,” Schlossberg told CNBC’s “Trading Nation” on Friday.\nSchlossberg elaborated that Amazon is a “blue chip of a lifetime” with a deep moat in retail, while Adobe is a “fortress-like business” with its software portfolio.\nZoom, however, could still have more downside, though Schlossberg said it is still a clear winner given how widely it has been adopted during the coronavirus pandemic.\n“Zoom, I think, has established a major beachhead. That having been said, it’s the biggest stock risk at this point. It easily could come in 100 more points to the downside, and still be relatively highly valued,” he said.\nCraig Johnson, chief market technician at Piper Sandler, is not surprised by recent weakness in these names. He said a lot of the high-momentum, high-growth stocks have been consolidating in a sideways pattern since late summer.\n“Take Amazon as an example here. It moved sideways in this consolidation range, roughly about a 500-point consolidation range, but it has been an underperformer. Now, you could say that the stock is resting or maybe we need to see a deeper correction,” Johnson said during the same interview.\n\nHe said Amazon needs to hold support at the lower end of its range at roughly $3,000. If it fails to do so, its next support comes in at $2,500. It traded at roughly $3,040 on Monday.\nAdobe and Zoom, meanwhile, look to be in a downward-trending price channel, he said. Adobe could fall to $425 and then, if breached, likely down to $385, he said – it was trading at $439 on Monday. Zoom, too, could drop to $235 from its $332.\n\n\n“I think it’s probably going to be challenging over the next couple months until we finally get a deeper washout in these tech stocks and, frankly, I think it’s a bit overdue,” said Johnson.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":329230756,"gmtCreate":1615249247475,"gmtModify":1703486196935,"author":{"id":"3554690739454545","authorId":"3554690739454545","name":"Shifeng","avatar":"https://static.tigerbbs.com/7eba636a69f64b047187455fad28835a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554690739454545","authorIdStr":"3554690739454545"},"htmlText":"Look for the good business!&nbsp;","listText":"Look for the good business!&nbsp;","text":"Look for the good business!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/329230756","repostId":1199173220,"repostType":4,"repost":{"id":"1199173220","pubTimestamp":1615218211,"share":"https://www.laohu8.com/m/news/1199173220?lang=&edition=full","pubTime":"2021-03-08 23:43","market":"us","language":"en","title":"These Nasdaq 100 stocks broke their long-term trend in the past week","url":"https://stock-news.laohu8.com/highlight/detail?id=1199173220","media":"cnbc","summary":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\n","content":"<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Nasdaq 100 stocks broke their long-term trend in the past week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Nasdaq 100 stocks broke their long-term trend in the past week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 23:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","AMZN":"亚马逊","ADBE":"Adobe"},"source_url":"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1199173220","content_text":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week as rising rates and the reopening trade made high-growth stocks less attractive to investors.\nThree of those may have been unfairly punished, said Boris Schlossberg, managing director of FX strategy at BK Asset Management.\n“I absolutely love Amazon, Adobe and Zoom for one very simple reason. That’s because all these companies are essentially subscription-based companies with very, very loyal customer followings and an absolutely market-dominant position,” Schlossberg told CNBC’s “Trading Nation” on Friday.\nSchlossberg elaborated that Amazon is a “blue chip of a lifetime” with a deep moat in retail, while Adobe is a “fortress-like business” with its software portfolio.\nZoom, however, could still have more downside, though Schlossberg said it is still a clear winner given how widely it has been adopted during the coronavirus pandemic.\n“Zoom, I think, has established a major beachhead. That having been said, it’s the biggest stock risk at this point. It easily could come in 100 more points to the downside, and still be relatively highly valued,” he said.\nCraig Johnson, chief market technician at Piper Sandler, is not surprised by recent weakness in these names. He said a lot of the high-momentum, high-growth stocks have been consolidating in a sideways pattern since late summer.\n“Take Amazon as an example here. It moved sideways in this consolidation range, roughly about a 500-point consolidation range, but it has been an underperformer. Now, you could say that the stock is resting or maybe we need to see a deeper correction,” Johnson said during the same interview.\n\nHe said Amazon needs to hold support at the lower end of its range at roughly $3,000. If it fails to do so, its next support comes in at $2,500. It traded at roughly $3,040 on Monday.\nAdobe and Zoom, meanwhile, look to be in a downward-trending price channel, he said. Adobe could fall to $425 and then, if breached, likely down to $385, he said – it was trading at $439 on Monday. Zoom, too, could drop to $235 from its $332.\n\n\n“I think it’s probably going to be challenging over the next couple months until we finally get a deeper washout in these tech stocks and, frankly, I think it’s a bit overdue,” said Johnson.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3746897,"gmtCreate":1615249827920,"gmtModify":1635757116380,"authorId":3572939161983827,"author":{"id":3572939161983827,"idStr":"3572939161983827","authorId":3572939161983827,"name":"RicPuah","avatar":"https://static.tigerbbs.com/f228739d2dbb241334ac0736565c39f6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329230756,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"},{"id":329297415,"gmtCreate":1615249182237,"gmtModify":1703486195388,"author":{"id":"3527303552443900","authorId":"3527303552443900","name":"458fd99c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3527303552443900","authorIdStr":"3527303552443900"},"htmlText":"April rebound&nbsp;","listText":"April rebound&nbsp;","text":"April rebound","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/329297415","repostId":1199173220,"repostType":4,"repost":{"id":"1199173220","pubTimestamp":1615218211,"share":"https://www.laohu8.com/m/news/1199173220?lang=&edition=full","pubTime":"2021-03-08 23:43","market":"us","language":"en","title":"These Nasdaq 100 stocks broke their long-term trend in the past week","url":"https://stock-news.laohu8.com/highlight/detail?id=1199173220","media":"cnbc","summary":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\n","content":"<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Nasdaq 100 stocks broke their long-term trend in the past week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Nasdaq 100 stocks broke their long-term trend in the past week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 23:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","AMZN":"亚马逊","ADBE":"Adobe"},"source_url":"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1199173220","content_text":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week as rising rates and the reopening trade made high-growth stocks less attractive to investors.\nThree of those may have been unfairly punished, said Boris Schlossberg, managing director of FX strategy at BK Asset Management.\n“I absolutely love Amazon, Adobe and Zoom for one very simple reason. That’s because all these companies are essentially subscription-based companies with very, very loyal customer followings and an absolutely market-dominant position,” Schlossberg told CNBC’s “Trading Nation” on Friday.\nSchlossberg elaborated that Amazon is a “blue chip of a lifetime” with a deep moat in retail, while Adobe is a “fortress-like business” with its software portfolio.\nZoom, however, could still have more downside, though Schlossberg said it is still a clear winner given how widely it has been adopted during the coronavirus pandemic.\n“Zoom, I think, has established a major beachhead. That having been said, it’s the biggest stock risk at this point. It easily could come in 100 more points to the downside, and still be relatively highly valued,” he said.\nCraig Johnson, chief market technician at Piper Sandler, is not surprised by recent weakness in these names. He said a lot of the high-momentum, high-growth stocks have been consolidating in a sideways pattern since late summer.\n“Take Amazon as an example here. It moved sideways in this consolidation range, roughly about a 500-point consolidation range, but it has been an underperformer. Now, you could say that the stock is resting or maybe we need to see a deeper correction,” Johnson said during the same interview.\n\nHe said Amazon needs to hold support at the lower end of its range at roughly $3,000. If it fails to do so, its next support comes in at $2,500. It traded at roughly $3,040 on Monday.\nAdobe and Zoom, meanwhile, look to be in a downward-trending price channel, he said. Adobe could fall to $425 and then, if breached, likely down to $385, he said – it was trading at $439 on Monday. Zoom, too, could drop to $235 from its $332.\n\n\n“I think it’s probably going to be challenging over the next couple months until we finally get a deeper washout in these tech stocks and, frankly, I think it’s a bit overdue,” said Johnson.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3746796,"gmtCreate":1615249273186,"gmtModify":1635757124097,"authorId":3552620505563005,"author":{"id":3552620505563005,"idStr":"3552620505563005","authorId":3552620505563005,"name":"CubTrader","avatar":"https://static.tigerbbs.com/bf7145f19b342af15e8d455a8e30aaa8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329297415,"type":1,"supId":0,"prevId":0,"content":"Okay. Will wait until April then ","text":"Okay. Will wait until April then ","html":"Okay. Will wait until April then "}],"langContent":"EN"},{"id":329296150,"gmtCreate":1615248990670,"gmtModify":1703486188009,"author":{"id":"3568507662870938","authorId":"3568507662870938","name":"AdrianTan","avatar":"https://static.tigerbbs.com/b06609749cdea7e2f50b9bc7231997dc","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3568507662870938","authorIdStr":"3568507662870938"},"htmlText":"Great time to add!","listText":"Great time to add!","text":"Great time to add!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/329296150","repostId":1199173220,"repostType":4,"repost":{"id":"1199173220","pubTimestamp":1615218211,"share":"https://www.laohu8.com/m/news/1199173220?lang=&edition=full","pubTime":"2021-03-08 23:43","market":"us","language":"en","title":"These Nasdaq 100 stocks broke their long-term trend in the past week","url":"https://stock-news.laohu8.com/highlight/detail?id=1199173220","media":"cnbc","summary":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\n","content":"<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Nasdaq 100 stocks broke their long-term trend in the past week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Nasdaq 100 stocks broke their long-term trend in the past week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 23:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","AMZN":"亚马逊","ADBE":"Adobe"},"source_url":"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1199173220","content_text":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week as rising rates and the reopening trade made high-growth stocks less attractive to investors.\nThree of those may have been unfairly punished, said Boris Schlossberg, managing director of FX strategy at BK Asset Management.\n“I absolutely love Amazon, Adobe and Zoom for one very simple reason. That’s because all these companies are essentially subscription-based companies with very, very loyal customer followings and an absolutely market-dominant position,” Schlossberg told CNBC’s “Trading Nation” on Friday.\nSchlossberg elaborated that Amazon is a “blue chip of a lifetime” with a deep moat in retail, while Adobe is a “fortress-like business” with its software portfolio.\nZoom, however, could still have more downside, though Schlossberg said it is still a clear winner given how widely it has been adopted during the coronavirus pandemic.\n“Zoom, I think, has established a major beachhead. That having been said, it’s the biggest stock risk at this point. It easily could come in 100 more points to the downside, and still be relatively highly valued,” he said.\nCraig Johnson, chief market technician at Piper Sandler, is not surprised by recent weakness in these names. He said a lot of the high-momentum, high-growth stocks have been consolidating in a sideways pattern since late summer.\n“Take Amazon as an example here. It moved sideways in this consolidation range, roughly about a 500-point consolidation range, but it has been an underperformer. Now, you could say that the stock is resting or maybe we need to see a deeper correction,” Johnson said during the same interview.\n\nHe said Amazon needs to hold support at the lower end of its range at roughly $3,000. If it fails to do so, its next support comes in at $2,500. It traded at roughly $3,040 on Monday.\nAdobe and Zoom, meanwhile, look to be in a downward-trending price channel, he said. Adobe could fall to $425 and then, if breached, likely down to $385, he said – it was trading at $439 on Monday. Zoom, too, could drop to $235 from its $332.\n\n\n“I think it’s probably going to be challenging over the next couple months until we finally get a deeper washout in these tech stocks and, frankly, I think it’s a bit overdue,” said Johnson.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3746803,"gmtCreate":1615249309348,"gmtModify":1635757123597,"authorId":3555067011639600,"author":{"id":3555067011639600,"idStr":"3555067011639600","authorId":3555067011639600,"name":"TraderJo98","avatar":"https://static.tigerbbs.com/4b2fb6c4a2935a517c3b7b2963f0308e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329296150,"type":1,"supId":0,"prevId":0,"content":"Yesss!!","text":"Yesss!!","html":"Yesss!!"}],"langContent":"EN"},{"id":329291757,"gmtCreate":1615248889079,"gmtModify":1703486186291,"author":{"id":"3563790138758003","authorId":"3563790138758003","name":"ZCZC","avatar":"https://static.tigerbbs.com/d359c8a02a4377c583da678d7e9144c4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563790138758003","authorIdStr":"3563790138758003"},"htmlText":"Hoot&nbsp;","listText":"Hoot&nbsp;","text":"Hoot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329291757","repostId":1199173220,"repostType":4,"repost":{"id":"1199173220","pubTimestamp":1615218211,"share":"https://www.laohu8.com/m/news/1199173220?lang=&edition=full","pubTime":"2021-03-08 23:43","market":"us","language":"en","title":"These Nasdaq 100 stocks broke their long-term trend in the past week","url":"https://stock-news.laohu8.com/highlight/detail?id=1199173220","media":"cnbc","summary":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\n","content":"<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Nasdaq 100 stocks broke their long-term trend in the past week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Nasdaq 100 stocks broke their long-term trend in the past week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 23:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom","AMZN":"亚马逊","ADBE":"Adobe"},"source_url":"https://www.cnbc.com/2021/03/08/these-nasdaq-100-stocks-broke-their-long-term-trend-in-the-past-week.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1199173220","content_text":"A handful of Nasdaq 100 stocks have broken their long-term trend as tech names came under pressure.\nAmazon,Zoom,Dexcom,Adobe and Fastenalall crossed below their 200-day moving average in the past week as rising rates and the reopening trade made high-growth stocks less attractive to investors.\nThree of those may have been unfairly punished, said Boris Schlossberg, managing director of FX strategy at BK Asset Management.\n“I absolutely love Amazon, Adobe and Zoom for one very simple reason. That’s because all these companies are essentially subscription-based companies with very, very loyal customer followings and an absolutely market-dominant position,” Schlossberg told CNBC’s “Trading Nation” on Friday.\nSchlossberg elaborated that Amazon is a “blue chip of a lifetime” with a deep moat in retail, while Adobe is a “fortress-like business” with its software portfolio.\nZoom, however, could still have more downside, though Schlossberg said it is still a clear winner given how widely it has been adopted during the coronavirus pandemic.\n“Zoom, I think, has established a major beachhead. That having been said, it’s the biggest stock risk at this point. It easily could come in 100 more points to the downside, and still be relatively highly valued,” he said.\nCraig Johnson, chief market technician at Piper Sandler, is not surprised by recent weakness in these names. He said a lot of the high-momentum, high-growth stocks have been consolidating in a sideways pattern since late summer.\n“Take Amazon as an example here. It moved sideways in this consolidation range, roughly about a 500-point consolidation range, but it has been an underperformer. Now, you could say that the stock is resting or maybe we need to see a deeper correction,” Johnson said during the same interview.\n\nHe said Amazon needs to hold support at the lower end of its range at roughly $3,000. If it fails to do so, its next support comes in at $2,500. It traded at roughly $3,040 on Monday.\nAdobe and Zoom, meanwhile, look to be in a downward-trending price channel, he said. Adobe could fall to $425 and then, if breached, likely down to $385, he said – it was trading at $439 on Monday. Zoom, too, could drop to $235 from its $332.\n\n\n“I think it’s probably going to be challenging over the next couple months until we finally get a deeper washout in these tech stocks and, frankly, I think it’s a bit overdue,” said Johnson.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":147,"commentSize":133,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1199173220"}