BALTIMORE ( Stockpickr) -- The tech sector looks like it's turning around -- and five names look best positioned to benefit in November.
The past few months have been tough on tech stocks. While the S&P 500 has managed to eke out a 3% rally over the course of the last six months, for instance, tech has fallen like a rock, down more than 12% on average over that same period. That's sent investors fleeing from tech to spare themselves from poor performance in 2012. But the industry looks like it's finally turning around.
Let's take a technical look at five tech sector names that are just starting to reverse off their lows.For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution. >>5 Rocket Stocks to Buy This Week So, without further ado, let's take a look at five technical setups worth trading now.