Home | Shop | Send Us Info | Subscribe | Advertise | Help |

Cloud Stocks Escape The Morning Rain

Bryan Edward Leighton
June 16, 2011
The major stock market indexes are once again starting the morning sharply lower. This looks to be a broad based decline as most leading stock sectors are trading lower. There are a few stocks that are showing some early strength despite the stock market decline. A few of the stocks that are showing intra-day strength include the cloud computing stocks.

Netapp Inc.(NASDAQ:NTAP) is rallying higher by $1.70 to $51.60 a share. This stock looks to have made a short term low three trading days ago and continues to climb higher this morning. Short term traders can look for intra-day resistance around the $52.00 area. Should the stock trade higher throughout the session the next intra-day resistance level will be around the $52.65 level. Traders should always take note of strong stocks in a weak market. Should the major stock indexes somehow catch a bid and trade higher it is the strong stocks that will lead the markets higher.


Other cloud computing stocks that are holding up well this morning include Netflix Inc.(NASDAQ:NFLX), VMWare Inc.(NYSE:VMW), F5 Networks Inc.(NASDAQ:FFIV), and Riverbed Technology Inc.(NASDAQ:RVBD). Should the major stock indexes catch a bid higher during the trading session these stocks would be leading candidates to trade higher.

Nicholas Santiago

InTheMoneyStocks.com
Print Email
Bookmark and Share

Bryan Edward Leighton

Mission Statement:
Our goal is to provide accurate and precise market guidance without the Wall Street hype.

InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype while calling major and minor moves in the DOW, NASDAQ and S&P, commodities, currencies and stocks.

Got Debt? Get Debt Wise.