5 Top Tech Stocks for Traders: PTEC, MANT, ITRI, CPHD, AXYS
Tech stocks may have seasonal tendencies that make them better investments in the second half of the year. But short-term traders know that tech stocks–like other higher volatility, growth-oriented equities–can make for great trades any day of the week.
Every day at TradingMarkets we don’t just publish a list of the highest Short Term PowerRating stocks–the stocks that our research informs us are likely to outperform the average stock over the next five days–but we feature a separate list that focuses only on those technology stocks that have the highest Short Term PowerRatings.
Traders interested in trading tech stocks can go directly to this part of our website every morning to see what tech stocks are pulling back to support, becoming potential trading opportunities in the process.
Our Short Term PowerRatings work the same way with tech stocks as they do with the rest of the stocks in the market. Based on a proprietary analysis of volatility, volume, trend and momentum, our Short Term PowerRatings help traders pick both the right stocks at the right time. Traders using our Short Term PowerRatings know that when they spot a stock with a high Short Term PowerRating, there is a strong likelihood of that stock outperforming the average stock by as much as 16.9 to 1.
Today, we take a look at five technology stocks–all members of the Nasdaq, all trading above their 200-day moving average, but all stocks that have been under pressure in recent days. The current market weakness is actually helping create an opportunity in these stocks, as the general pessimism helps encourage traders and investors to sell stocks–even strong stocks trading above their 200-day moving average–they perhaps should be buying.
All of the following five stocks have Short Term PowerRatings of 8.
Based on our research, stocks with PowerRatings of 8 have outperformed the average stock by more than 8 to 1 after five days.
Phoenix Technologies
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ManTech International
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Itron
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Cepheid
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Axsys Technologies
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Like to trade technology stocks? If you found this brief introduction worthwhile, then consider treating yourself to our Free
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David Penn is Senior Editor at TradingMarkets.com.