This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Momentum Shifts Downward for Older Technology Stocks

NEW YORK (TheStreet) -- All nine of the tech stocks that I profiled in June had year-to-date gains of 10% to 40% at that time, but since then, momentum has shifted to declining for six of the stocks, as shown in the first "crunching the numbers" table.

The last company of the nine to report quarterly results is Hewlett-Packard (HPQ - Get Report) , which will report after the closing bell on Wednesday. Analysts expect the company to post earnings of 89 cents per share as its turnaround continues.

>>Read More: 8 Stocks George Soros Is Buying in 2014

Since June 13, Intel (INTC - Get Report) , Microsoft (MSFT) and Apple (AAPL) are the leaders up 15%, 9.4% and 8.7%, respectively. Strength in these stocks has helped the Nasdaq Composite index set a new multiyear intraday high at 4509.16 on Monday.

For more on Microsoft, click the video below:


WATCH: More market update videos on TheStreet TV

Here are the latest profiles for the nine old tech stocks. Two "crunching the numbers" tables follow.

Apple ($99.16) traded at its 2014 intraday high at $99.44 on July 29, and dipped to its 50-day simple moving average at $93.90 on Aug. 8 with the average now at $94.61. On Monday, Apple was knocking on the door of a new high, but stalled at $99.37.

The weekly chart is positive but overbought with its five-week modified moving average at $95.43. Monthly and annual value levels are $89.84 and 81.33, respectively, with a semiannual pivot at $95.32 and weekly risky level at $100.24.

>>Read More: Google 10 Years After IPO Continues to Reshape the Future

1 of 5

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

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
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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
HPQ $34.84 0.00%
INTC $33.25 0.00%
AAPL $128.46 0.00%
FB $78.97 0.00%
GOOG $558.40 0.00%

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs