FANG Stocks: What's Next for These Market Leaders?

 | Mar 15, 2017 | 1:46 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:








FANG is Jim Cramer's acronym for Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) and Alphabet (GOOGL)  (aka Google). These four stocks have had amazing staying power in this historic bull market, and have rewarded the patient investor many times over. With some market observers worried about valuations or the market being "overbought," this is an appropriate time to look at the longer-term Point and Figure charts of these stocks.

(See here for Jim Cramer's take on the FANG stocks)

In this Point and Figure chart of FB, above, we have changed from the so-call traditional scaling or charting method of round-dollar increments to a percentage change. This approach was started, I believe, by the firm of Delafield Harvey Tabell back in the 1980s. This chart shows a sideways consolidation and a recent fresh upside breakout at $136.63. The potential upside price objective, or target, measures to $175. I honestly have no idea what fundamental analysts look for but this is my chart forecast.

In this Point and Figure chart of AMZN, above, we have used the percentage approach again. You can see a fresh breakout at $852.48 and the upside price target of $1015. Yes, $1015.

In this Point and Figure chart of NFLX we used a dynamic scaling method that uses the Average True Range (ATR), a little bit differently. There is not a price objective here, but you can see a breakout at $134.96 and the consolidation pattern could support a substantial upside move, in my opinion.

In this Point and Figure chart of GOOGL, above, we can see that a trade at $869.61 will be another upside breakout and give us a possible upside price target of $951.

Bottom line: The market is in a bull phase and not done yet. People on the sidelines, people under invested and people overseas will all be sucked in by higher and higher prices. Consider these price targets for FANG a roadmap for the next several months.

Columnist Conversations

The DJIA has been making lows at a fairly regular interval of 101 days. The cycle tools overlaid on the daily ...
this stock continues to move well, momentum is strong. BOUGHT JACK MAY 100 CALL AT 5.25
I have a special guest joining me today, legendary technician Marc Chaikin comes aboard tonight, talking about...
View Chart »  View in New Window » To fail or not to fail is the question.  The video I d...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.