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

5 Tech Stocks to Trade for Gains This Week

Micron Technology

First up is Micron Technology (MU - Get Report), a name that's been one of the tech sector's shining momentum stars for the last year and change. Shares of MU have more than tripled in the last 12 months -- and this stock could have even further to go thanks to a bullish setup in shares.

>>2 Tech Stocks Rising on Unusual Volume

Must Read: 3 Huge Stocks to Trade (or Not)

Micron spent the last two months forming an ascending triangle pattern, a bullish price setup that was formed by horizontal resistance above shares at $24 and uptrending support to the downside. Basically, as MU bounced in between those two technical price levels, it was getting squeezed closer and closer to a breakout above resistance at $24. Taking out $24 was the buy signal in MU -- and it triggered on Friday.

Momentum, measured by 14-day RSI, adds some extra confidence to upside in Micron. The momentum gauge broke its intermediate-term downtrend at the same time MU's shares pushed through $24. Since momentum is a leading indicator of price, that's a good sign for bulls.

If you decide to jump into MU here, I'd recommend putting a protective stop just below the 50-day moving average.

2 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

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
ALU $3.36 0.00%
INFY $17.35 0.00%
INVN $7.25 0.00%
MU $11.00 0.00%
SPWR $24.62 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs