24/7 Wall St. has partnered with The Chart Lab to bring exclusive technical analysis. This report is on the five weakest and five strongest stock charts in the technology sector of the S&P 500 Index. A 5 is generally listed as the strong buy rating in technical analysis, while a 1 indicates a sell rating. The strong and weak readings are based upon the closing price of April 19, 2012. The rankings are not picked by the actual stock returns, but rather by their technical strength under the ChartLab Pro methodology.
The 5 strongest charts in the technology sector are as follows: Crown Castle International Corp. (NYSE: CCI); VeriSign, Inc. (NASDAQ: VRSN); Red Hat, Inc. (NYSE: RHT); Intuit Inc. (NASDAQ: INTU); and salesforce.com, Inc. (NYSE: CRM). These strongest names are up 31.4% year to date against a 8% gain for the S&P 500 Index.
The 5 weakest charts in the technology sector are currently the following: First Solar, Inc. (NASDAQ: FSLR); Electronic Arts Inc. (NASDAQ: EA); SanDisk Corporation (NASDAQ: SNDK); Windstream Corporation (NASDAQ: WIN); and Frontier Communications Corporation (NASDAQ: FTR). These weakest names are down 22.5% year to date and down almost 10% so far in April.
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The methodology here generates visual and contextual results for technical trading analysis and trading opportunities based upon custom criteria for investors. You can try the Chartlabpro.com for 30 days using promo code Chartp2p8i.
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