The Tech Stock to Buy Now


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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

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

This article appears in: Investing Stocks
Referenced Stocks: EMC

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Sam Collins

Sam Collins

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