This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Tech Stocks to Trade (or Not)

Nokia

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nearest Resistance: $3

Nearest Support: $2.50

Catalyst: Technical Setup

Nokia (NOK - Get Report) is staging a reversal of its own. Shares of the beleaguered handset maker have been getting ample attention for the last few months, and Nokia is about to try for a big technical move in August.

>>10 Top-Rated Tech Stocks That Pay Big Dividends

NOK shares fell hard between April and late July, but they started to bottom at the end of last month. I pointed to its upside potential in my " 5 Huge Stocks Ready to Slingshot Higher" column from July 27. Since then, they've certainly slingshotted; NOK is up more than 47% from the day that column ran.

Now shares are testing a significant resistance level at $3, a price that buyers have failed to overcome on the last four attempts. Clearly, there's a glut of supply of shares that buyers can't absorb there, so it's a price that traders should be paying attention to. Wait for a breakout above $3, then consider buying NOK.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
AMD $1.93 0.00%
HPQ $30.52 0.00%
NOK $7.05 0.00%
S $3.37 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs