4 Top Technology Stocks for Traders: WFR, PLXS, MCRS, SKIL
Conventional wisdom says that tech stocks aren’t a good buy until the summer months, when loathing for all things tech tends to be at its peak. But the high Short Term PowerRatings on these four tech stocks suggests that there might be a few rewards for tech stock traders long before then.
Maybe it’s the fact that technology companies–whether they are building software or hardware, whether they are wired, wireless or something else entirely–tend o be the kind of growth-oriented, high volatility assets that tend to make for good trades. Maybe it’s just a long-distance hangover from the bubble years of the 1990s, when trading in tech stocks was the only kind of trading anyone was talking about.
Regardless of the reason, technology companies remain an attraction for investors and traders, alike. And while investors may not have as many quality opportunities to choose from, short-term stock traders have a new set of four technology stocks–all of which are likely to outperform the average stock over the next five days.
How do we know this? Our confidence in the likely behavior of certain stocks under certain conditions is borne out of the extensive research into short term stock price behavior we have conducted, looking at millions of simulated stock trades–including delisted stocks–from 1995 to 2007. This research enabled us to look at certain characteristics of different stocks, characteristics like volume, volatility, momentum and trend, and eventually to rate stocks on a scale of 1 to 10 based on these characteristics—