BALTIMORE (Stockpickr) -- It's hard to believe, but after a weak start to the year, the tech sector is the place to be in August. From a relative strength standpoint, there's no other sector that looks as strong as technology this summer -- and naturally, that's driving some high-probability trades in tech.
Today, we're taking a closer technical look at five of them.
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For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
Without further ado, let's take a look at five technical setups worth trading now.