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4 Tech Stocks to Trade (or Not)

Windstream

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Nearest Resistance: $10

Nearest Support: $9

Catalyst: Earnings Windstream (WIN - Get Report) is getting hit hard today, down close to 9% after the firm's earnings release. While income was in-line with Wall Street analysts' estimates, Windstream reported a pretty substantial decline in performance from the previous year, and investors are punishing the firm by selling off their positions.

>>5 Hated Stocks Set to Soar on Earnings

From a technical standpoint, shares of WIN had been basing for most of the summer, making higher lows from the market's correction that ended in June. Today's massive move lower puts the kibosh on that shallow uptrend. Instead, shares are within a hair's breadth of testing longstanding support at $9.

If shares slip below $9, this stock is a short candidate.

Windstream shows up on a list of 10 Highest-Rated Tech Stocks That Pay Big Dividends.

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