TradingMarkets 7 technology stocks for this week
Here are 7
PowerRatings
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.
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating)
PowerRating:
8
The
last time GOOG was covered it had a PowerRating of 1 and was trading above
$440. GOOG has declined for nine straight days since then. With the stock
trading close to its 50-day
moving average
and a PowerRating of 8, a bounce may be due.
Silicon Laboratories Inc.
(
SLAB |
Quote |
Chart |
News |
PowerRating)
PowerRating:
8
The 50-day
moving average
didn’t offer much support for SLAB.
The 5-day RSI is in oversold territory.
Rackable Systems Inc.
(
RACK |
Quote |
Chart |
News |
PowerRating)
PowerRating:
7
RACK just broke below its 50-day MA. Will it bounce back for a retest?
PMC Sierra Inc.
(
PMCS |
Quote |
Chart |
News |
PowerRating)
PowerRating:
7
PMCS has been sliding gradually lower for the past month. Recent lows haven’t
been confirmed by the RSI which is showing a positive divergence.
eFunds Corp.
(
EFD |
Quote |
Chart |
News |
PowerRating)
PowerRating: 7
EFD broke down in a big way last week. Notice how it stopped at the 200-day MA,
which is often seen a the dividing line between a stock being in a bull or bear
market.
Eclipsys Corp.
(
ECLP |
Quote |
Chart |
News |
PowerRating)
PowerRating: 7
ECLP is trading in between its 50-day MA and 200-day MA. The RSI is in oversold
territory and turning upwards.
Adobe Systems Inc.
(
ADBE |
Quote |
Chart |
News |
PowerRating)
PowerRating:
7
ADBE is the second example of a stock breaking down and falling straight to its
200-day MA.
PowerRatings are courtesy of
PowerRatings.net.
Want a free month of
PowerRatings?
Send us your
PowerRatings
strategy and receive one free month of this exciting trading tool. If you are
already a monthly or annual
PowerRatings
subscriber, you will receive an additional three months if we publish your
strategy.