A basic rule of technical analysis is that as long as a stock trades above its 50-day moving average (DMA), it is in an uptrend.  When a stock trades above that level it should be bought, and when it breaks down below the 50-DMA, investors should consider exiting their long positions.  Based on this metric, if you are long Apple Computer (AAPL) or Google (GOOG), you haven't even considered selling them in a long time.

In the charts below, we highlight streaks in each stock where they traded without closing below their 50-day moving average.  For AAPL, the stock is within five trading days of breaking its July 1986 record for most consecutive days above its 50-day moving average (186 days).  GOOG is already trading into record territory for its longest streak above its 50-day moving average at 96 days (and counting), although here we would note that the stock has only been public since 2004. 

AAPL is currently trading $10 above its 50-DMA (5.2%), so a couple of bad days in a row could put an end to that streak at anytime.  For GOOG, however, the stock is trading more than $50 above its 50-DMA (9.5%), so here it's a likely bet that that stock's streak will hit the triple digit mark.  While many are still hesitant to call the rally off the March lows a bull market, these two stocks have sure been in bull mode.

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