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3 Big Stock Charts for Friday: Apple Inc. (AAPL), Baidu Inc (ADR) (BIDU) and Anheuser Busch Inbev NV (ADR) (BUD)

Stocks are headed lower as the trading week ends despite some positive earnings results from companies like Visa Inc (NYSE:V) and Microsoft Corporation (NASDAQ:MSFT). The weakness in the major indices has our interest turning to watch out for stocks that may have extended their rally a little too far and are ready for a short-term pullback.

Today’s three big stock charts look at Anheuser Busch Inbev NV (ADR) (NYSE:BUD), Apple Inc. (NASDAQ:AAPL) and Baidu Inc (ADR) (NASDAQ:BIDU) as all three of these heavily traded companies are flashing signs that their overbought conditions are setting them up for a short-term pullback.

Shares of Anheuser Busch have been trading in a weaker pattern over the intermediate-term, indicating that BUD stock should be running into resistance. The last two weeks have seen a rally in the stock that took the shares into a short-term overbought situation.

  • With a current RSI reading above 60, Anheuser Busch is hitting a level of overbought condition that has historically slowed or reversed the short-term directional moves of BUD. This should weigh on shares as selling pressure increases.
  • The 50-day moving average on...