Technical analyst Bruce Kamich of our premium site Real Money has found five tech stocks -- Broadcom Ltd. (AVGO) , Lam Research Corp. (LRCX) , Micron Technology Inc. (MU) , Skyworks Solutions Inc. (SWKS) and Symantec Corp. (SYMC) -- that are in big trouble.
"Charts and indicators that now suggest they are the weakest [tech stocks] and might be ones you want to check on first if they are in your portfolio," the expert wrote.
Some of his thoughts on each:
"I am seeing enough technical warnings to shoot first and ask questions later," Kamich wrote. Head here to read why.
Kamich wrote that Lam Research might be heading toward a so-called "double-top formation, [and] if we read this correctly, it could mean that Lam Research is vulnerable to a significant decline in the weeks ahead." You can read more here.
Micron's "weakening chart picture, along with signs of more-aggressive selling, has turned me very cautious now," Kamich wrote. How low does he think the stock can go? Read on.
This stock closed at $105.76 on Friday, but Kamich said it's in big trouble if it breaks below $95.34. Visit here to see why.
Symantec. Kamich wrote that Symantec's "initial downside price target ... measures to the $23 area." That's well below the $31.03 the stock closed at on Friday. Here's his full analysis.
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