Some strategists are forecasting further upside for technology stocks based upon technical indicators and options market activity after the group posted its best day of the year.
Technology stocks appeared to recover on Monday after several sluggish days earlier this month, when a market rotation caused the sector — particularly some major players like Apple and Microsoft — to slide. The information technology sector is still leading the market as the best performer.
"The trend is still higher. That's the important point," Oppenheimer technical strategist Ari Wald said Monday on CNBC's "Power Lunch."
Read more here: http://www.cnbc.com/2017/06/20/a-close-look-shows-why-the-tech-rally-could-be-back-on.html
tech has huge upside still!!!
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I think tech stocks have a bright future ahead of them for the most part- but we could see a slight correction soon
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