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3 Big Tech Stocks on Traders' Radars


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Nearest Resistance: $6.50
Nearest Support: $5.25
Catalyst: Earnings Beat

>>5 Stocks the Smart Money Hates -- But Should You?

It's a rare double-digit day for Groupon ( GRPN) today -- at least as of this writing -- following an earnings beat for the first quarter of 2013. Groupon has been a perennial underperformer since its IPO in late 2011, and the 76% decline in the stock's price since going public is proof of that. But the 3 cents per share that the firm earned for the quarter bested investors' expectations, and that's all it took to spur a move higher in the stock.

It's a little too early to call today's price action the start of something. From a technical standpoint, today's 10% jump higher isn't particularly important -- shares are still sitting in between resistance at $6.50 and support down at $5.25. And with GRPN's price fading this afternoon, I wouldn't exactly recommend throwing money at this stock right now. Caveat emptor.
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GRPN $3.28 -2.80%
MU $10.12 1.20%
WIN $8.97 -3.70%
AAPL $92.71 -0.97%
FB $117.72 -0.29%


Chart of I:DJI
DOW 17,648.76 -2.50 -0.01%
S&P 500 2,054.61 +3.49 0.17%
NASDAQ 4,732.5120 +6.8730 0.15%

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