This Day On The Street
Continue to site
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

4 Big Tech Stocks on Traders' Radars


Nearest Resistance: $3.80
Nearest Support: $3.40
Catalyst: Negative Analyst Note, Market Share Loss

>>5 Stocks Insiders Love Right Now

Wall Street analysts are impacting another perennial high-volume name today: Nokia ( NOK). Nokia is off by 3% this afternoon after a negative note from RBC spurred sellers to pull the trigger on shares. Helping things along was news that the Finnish phone maker lost the leading market share in its home country to rival Samsung, a notable blow in a place where consumers have an added reason to buy Nokia handsets.

While Nokia is in a downtrend right now, it's still got several support levels nearby to catch shares on the down-side -- the nearest is at $3.40. While I wouldn't recommend jumping into NOK right now, it's not a particularly compelling sell at this point either.


Nearest Resistance: $4.40
Nearest Support: $4.30
Catalyst: Acquisition Bid Increase

>>5 Trading Setups With Upside This Week

Clearwire ( CLWR) is rallying today, gapping up more than 24% after Dish Network ( DISH) raised its bid to $4.40 in order to one-up the rival offer from Sprint Nextel ( S). Nothing benefits shareholders like a bidding war, and the back and forth between Sprint and Dish is certainly proving lucrative for CLWR's owners.

Still, headline risk is too high in this stock to find a high-probability trade here. If you haven't already bought shares before today, it's probably not worth the risk.


Nearest Resistance: $3.60
Nearest Support: $3.20
Catalyst: FB Sympathy Move

Last up today is Zynga ( ZNGA), a social gaming stock that's getting hefty trading volume as a sympathy mover tied to Facebook. Since Zynga has huge ties to Facebook's fortunes, the gaming company tends to ebb and flow with its larger partner. In a lot of ways, that makes Zynga sort of a high-beta version of FB. The big divergence of late has been the fact that ZNGA has sported much better relative strength.

Looking at the technicals, Zynga has been consolidating for the better part of the last month. That tight sideways range gives us a way to trade ZNGA: A breakout above $3.60 resistance is a short-term buy signal, and a breakdown below $3.20 support is a sell indicator. Either way, I'd recommend looking for cues in FB as to where ZNGA ends up.
2 of 3

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

Check Out Our Best Services for Investors

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
CLWR $0.00 0.00%
ZNGA $2.38 0.00%
FB $117.58 0.00%
NOK $5.87 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs