Pick Of The Crop
Despite the recent meltdown in the tech arena that
has taken companies like Cisco, Oracle, Sun Micro, and PMC-Sierra down to new
two-year lows, there actually are a few select techs showing strong relative
strength.
Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) has been putting in time
building a six-month base and has been trending higher while the rest of tech
is in the doghouse. Stocks like Apple that show high relative strength in
tough tech times like now might be worth keeping on your radar.
Apple fell sharply last October and after putting
in a lot of time basing may see better times ahead. I will be watching for
increased volume on any moves to the upside. Apple finished the day down .48
to 21.59.
Till tomorrow,
Eddie
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