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:CRM), Motorola Solutions
(NYSE:MSI), and Computer Sciences Corporation
Weakest names include: Hewlett-Packard
(NYSE:HPQ), Windstream Corporation
(NASDAQ:WIN), NVIDIA Corporation
(NASDAQ:MSFT), and Advanced Micro Devices
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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