The Strongest and Weakest Tech Names in the S&P 500

By ChartLabPro.com  NOV 30, 2012 3:45 PM

Strong names include Yahoo and Salesforce.com, while Microsoft and Hewlett-Packard look weak.

 


MINYANVILLE ORIGINAL Today we highlight the strongest and weakest names within the S&P 500 (INDEXSP:.INX) based on our proprietary algorithm.  In our view, strength is not measured by year-to-date performance but through technical analysis using internal market data to determine price trends/countertrends, pattern recognition, and other variables including volatility and liquidity.

By our calculations, the strongest names include: Yahoo (NASDAQ:YHOO), Roper Industries (NYSE:ROP), Salesforce.com (NYSE:CRM), Motorola Solutions (NYSE:MSI), and Computer Sciences Corporation (NYSE:CSC).

Weakest names include: Hewlett-Packard (NYSE:HPQ), Windstream Corporation (NASDAQ:WIN), NVIDIA Corporation (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and Advanced Micro Devices (NYSE:AMD).

In the tech sector, hardware and hardware-related services continue to be value traps and show no signs of opportunity.


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MSFT has been a name our algorithm has been bearish on, however, we would look for an Approaching Oversold level as a potential intermediate-term trade to before getting long.


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To learn more about ChartLabPro's algorithm visit www.chartlabpro.com.
No positions in stocks mentioned.

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