The Tech Stock to Buy Now

By
A A A

EMC Corporation (NYSE: EMC ) - This information storage and peripheral company has recovered from its bear market lows under $10, and in late April drove to new highs above $21.

As the economy recovers, demand for information storage and new technologies in that area will increase, and EMC is an industry leader.

Technically, the triple-top breakout in February on solid accumulation was a strong signal to buy this stock. But the market sell-off took the good with the bad, and drove EMC to its 200-day moving average where it is a strong buy.

I first provided this chart for our Top Trades for May , but its continued strength and recent pullback again make it a best buy.

The trading target for EMC is $23, but it could go much higher based on its high rate of accumulation and strong momentum. Standard & Poor's rates EMC a "four-star buy."

EMC Stock Chart Chart Key

Related Articles:

Tiffany Could Be a Put Trader's Best Friend

7 Cheap Tech Picks

iPhone to Employ Near-Field Communication?

Your Guide to Profiting From Asia's Explosive Growth - For access to the best-kept secrets about investing in China and the rest of Asia, plus the hottest stocks to buy and sell, sign up now for Robert Hsu's FREE Investing Newsletter, Asia Insider. It's sent right to your e-mail inbox every week - absolutely FREE!



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: EMC

Sam Collins

Sam Collins

More from Sam Collins:

Related Videos

How to Save Money at Bars
How to Save Money at Bars           

Stocks

Referenced

69%

Most Active by Volume

44,823,339
  • $75.19 ▲ 0.28%
43,744,171
  • $3.44 ▼ 0.29%
42,340,022
  • $97.671 ▲ 0.66%
34,178,145
  • $17.62 ▼ 1.23%
34,028,998
  • $15.59 ▼ 0.19%
32,055,708
  • $21.23 ▼ 2.41%
31,539,235
  • $3.76 ▲ 0.80%
30,434,619
    $34.25 unch
As of 7/25/2014, 04:03 PM