NEW YORK (TheStreet) -- Many investors are not aware that three old-time tech stocks are among the leaders of the Dow Jones Industrial Average. The Dow 30 is up 8% year to date pulled higher by the return to momentum status of Cisco Systems (CSCO) up 24%, Intel (INTC) up 44% and Microsoft (MSFT) up 33%. The fourth old tech stock in the Dow 30, IBM (IBM) is the biggest loser down 13%.
What's interesting is that Cisco is 66% below its all-time intraday high at $82.00 set in March 2000 with Intel 51% below its all-time intraday high at $75.81 set in Sept. 2000 and Microsoft 17% below its all-time intraday high at $59.97 set in December 1999. IBM on the other hand is 18% above its tech bubble peak of $139.18 set in September 1999.
Here's how to trade these stocks going into year end 2014.
Cisco ($27.77) has been on a momentum run-up of 24% since trading as low as $22.49 on Oct. 15 and setting a multiyear intraday high at $27.98 on Thursday. The stock crossed above its 200-day simple moving average at $23.80 on Oct.28. The weekly chart profile is positive but overbought with its key weekly moving average at $26.16.
Investors looking to buy Cisco should enter a "good 'til canceled" limit order to buy weakness to a key technical level at $22.15. Investors looking to book profits should enter a "good 'til canceled" limit order to sell strength to $29.85, which is 7.5% above Thursday's close.
IBM ($164.05) set an all-time intraday high at $215.90 in mid-May 2013 and traded as low as $159.80 on Nov. 20, a bear market of 26%. IBM has been below its 200-day SMA at $187.65 on Oct. 9. The weekly chart is negative but oversold with its key weekly moving average at $168.12 and its 200-week SMA at $187.20.
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