Financial Market Analysis
By Shawn R. Carpenter
Wednesday, June 28, 2006
Computer Hardware Group..
The S&P Computer Hardware Group is on near support levels of its upward trending channel. If price movements in the underlying stocks (below) maintain these levels, we might possibly see this group head higher. Retracement lines suggest that if this occurs, the sector will move to 378.32 followed by 385.84 and 393.36. Relative Strength Index is near its support level and could point to sustained pricing action.
Names in this group and that should be monitored are:
IBM
HPQ
DELL
AAPL
SUNW
NCR
GTW ¶ 12:43:00 PM
The S&P Computer Hardware Group is on near support levels of its upward trending channel. If price movements in the underlying stocks (below) maintain these levels, we might possibly see this group head higher. Retracement lines suggest that if this occurs, the sector will move to 378.32 followed by 385.84 and 393.36. Relative Strength Index is near its support level and could point to sustained pricing action.
Names in this group and that should be monitored are:
IBM
HPQ
DELL
AAPL
SUNW
NCR
GTW ¶ 12:43:00 PM
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