3 Tech Stocks To Buy As Their Trends Reverse Higher
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Sentiment is warming in the land of technology companies
The market recovery reached two significant milestones Tuesday. First, the S&P 500 closed above its 200-day moving average, officially placing it back on the high side of all major averages. Second, the Nasdaq, which has seen serial underperformance, closed above its 50-day moving average for the first time in over three months. The technical improvements had me scanning for the best tech stocks to buy.
I found many noteworthy candidates.
Tech stocks have been hit the hardest in recent months, making them a challenging choice for bullish trades. Far better opportunities have beckoned in commodity-related areas like miners and oil stocks.
But with the Nasdaq reclaiming the bullish side of the 50-day, bulls have officially returned, and sentiment seems to be warming to tech.
Here are three popular picks that boast reversal patterns worth playing.
The post 3 Tech Stocks to Buy as Their Trends Reverse Higher originally appeared at InvestorPlace.
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