TradingMarkets 7 Technology Stocks For This Week
Here are 7 Tech Stocks to watch for this week:
Stocks with a PowerRating of 7 have outperformed the S&P 500
index on average over the next 5 days by an 4-1 margin. Stocks with a
PowerRating of 8 have outperformed by 8.3-1 margin. Stocks with a PowerRating of
9 have outperformed by a 13.5-1 margin. Stocks with a PowerRating of 10 have
outperformed by nearly 16.9-1 margin.
Bookham Inc.
(
BKHM |
Quote |
Chart |
News |
PowerRating)
PowerRating:
9
BKHM has lost almost 50% in the past two weeks, gapping below its 50-day
moving average
after issuing Q3 guidance. Will the 200-day MA offer support?
Rambus Inc.
(
RMBS |
Quote |
Chart |
News |
PowerRating)
PowerRating:
8
RMBS experienced a surge in volatility and trading activity after reporting Q1
earnings, then the very next day announcing that no verdict had been reached in
the patent infringement case with Hynix.
OYO Geospace Corp.
(
OYOG |
Quote |
Chart |
News |
PowerRating)
PowerRating:
8
OYOG has been trending higher in an orderly fashion since the start of 2006,
with pullbacks presenting the best buying opportunities. With the 5-day RSI in
oversold territory and a high PowerRating, this stock may be worth following
closely.
webMethods Inc.
(
WEBM |
Quote |
Chart |
News |
PowerRating)
PowerRating: 7
WEBM is another low-priced tech stock, which makes it more volatile (risky) to
trade. The stock had a pretty sharp move higher recently but will it be able to
stay above this steep trend line?
NVIDIA Corp.
(
NVDA |
Quote |
Chart |
News |
PowerRating)
PowerRating: 7
NVDA has been one of the best performing large-cap tech stocks this year. The
stocks been pulling back since a recent 2 for 1 stock split but earnings are set
to be released soon which could determine whether NVDA will resume its up trend
or not.
Jabil Circuit Inc.
(
JBL |
Quote |
Chart |
News |
PowerRating)
PowerRating: 7
After hitting a new 52-week high in late April, JBL slid back towards its 50-day
MA. The stock is looking pretty oversold though, so a bounce here wouldn’t come
as a shock.
Xilinx Inc.
(
XLNX |
Quote |
Chart |
News |
PowerRating)
PowerRating:
6
XLNX has been trading in the vicinity of both its 50 and 200-day MA’s and this
is being reflected in the current choppy price action. Until this stock can make
a decisive move above, or below these MA’s it may be wiser to sit on the
sidelines.
PowerRatings are courtesy of
PowerRatings.net.