Looking Ahead: Tech Stocks

The tech-heavy Nasdaq 100 Index rose nearly 200 points on Tuesday, relieving deeply oversold technical conditions while allowing nervous shareholders to get a good night's sleep. However, sector headwinds will likely continue in the coming months, lowering the odds that big tech stocks will return to bull market highs. As a result, investors with heavy exposure may wish to take partial profits on this bounce and use the cash to pick up downside protection.

Dow component Apple Inc. (AAPL) has jumped to a weekly high above $180 this week but is still trading well below the descending 50- and 200 day exponential moving averages (EMAs), carving a major decline that could eventually reach $160. (See also: Wait for $160 Price Level to Buy Apple Stock.) More importantly, the stock is now stuck within a massive trading range that could dictate price action into the next decade, denying profits to trend-followers.

Read the full article at Investopedia.

Don’t Stop Here

More To Explore

The Hottest Graphene Stocks To Watch In 2025

Forbes predicts this may be the next “multibillion-dollar material”… while Bloomberg says “this material will change the world”. The biggest technological advances in the future

Top Graphene Stocks For 2025

Graphene is an excellent conductor of electricity and heat, surpassing traditional materials like silicon, and it possesses exceptional mechanical strength, being hundreds of times stronger