3 Top Tech Stocks for Traders
Number 10 in our PowerRatings (for Traders) Strategy Guide
is the simple admonition to consider technology stocks when looking for sources
of growth in the stock market. To this end, I want to draw traders’ attention
to three technology names that began the day with “in the green” PowerRatings
(for Traders) ratings and have maintained those ratings over the course of the
trading day.
All three of these top tech stocks for traders today opened
the day with PowerRatings (for Traders) of 8, and have sustained those levels in
the first hours of trading and into mid-day.
First up is Stanley, Inc.
(
SXE |
Quote |
Chart |
News |
PowerRating). Stanley, Inc.
provides information technology services to both U.S. defense and federal
civilian government agencies. The company recently reported record profits for
the second quarter of fiscal year 2008. The stock has moved mostly sideways
since spiking higher at the beginning of the month of November.
The next top tech stock for traders today is Silicon
Image, Inc.
(
SIMG |
Quote |
Chart |
News |
PowerRating). Silicon Image, Inc. is the only optionable stock
in this trio. The company makes its money providing semiconductor
infrastructure for the delivery and storage of high-definition content for both
home electronics and personal computing. Silicon Image, Inc. is perhaps best
known for implementing digital content standards such as DVI and HDMI.
The stock of SIMG was most recently testing year-to-date
lows near the $4.45 level.
The last stock in this group of tech stocks for traders is
NetScout Systems, Inc.
(
NTCT |
Quote |
Chart |
News |
PowerRating). NetScout Systems, Inc. is a stock I
have written about before. The company specializes in advanced network service
assurance products and services to provide comprehensive, real-time and
historical performance intelligence for its customers in the IT business.
NetScout was recently in the news due to its acquisition of Network General.
After ramping up from approximately $9 per share in the
first half of October to more than $15 a share by the end of the month, shares
of NetScout Systems have pulled back to the $11 level as of mid-November.
Three Top Tech Stocks for Traders Recap:
Stanley, Inc. (SXE). PowerRatings (for Traders)
rating: 8
Silicon Image, Inc. (SIMG). PowerRatings (for
Traders) rating: 8
NetScout Systems, Inc. (NTCT). PowerRatings (for
Traders) rating: 8
David Penn is Senior Editor at TradingMarkets.com