113%. 42%. 35%.
What do these three percentages have in common?
They are the year-to-date performances of three of the most highly recognized highflying tech stocks out there: Amazon.com, Inc.(NASDAQ:AMZN), Alphabet Inc(NASDAQ:GOOG, GOOGL) and Facebook Inc(NASDAQ:FB).
And yes, if you think that 35% and 42% performances aren’t so strong that they become worrisome, I’d say I agree. So you know, I actually remain constructive on all three stocks longer-term, and would look to buy them at lower prices.
However, my concern with these tech stocks has to do with their current stock charts — namely their ascents are too steep, and at these rates, they’re simply not sustainable.
Read my full analysis HERE