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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Brasco One who wrote (52933)	4/18/2002 2:27:40 PM
From: AD	Respond to of 99280

Six Stocks That Could Defy the Tech Trend RealMoney.com : The Swing Shift ---blah blah blah--- thestreet.com By Alan Farley Special to TheStreet.com 04/18/2002 12:36 PM EDT This week's rally has reawakened hopes of better days in the tech sector. The bad news, though, is that investors are still too eager to buy these stocks and get burned whenever someone calls a bottom. These otherwise sane individuals are in love with tech the way Deadheads love the '60s. I've got good news. There's no need to break your tech habit. There are still tech rallies out there, alive and kicking. In fact, I found six weekly charts that could turn into big winners in the months ahead. But these aren't the big guns of the tech world. After all, the important thing is these stocks are going up instead of down. That's tough to find with tech, in case you haven't noticed. Silicon Image (SIMG:Nasdaq - news - commentary - research - analysis) rallied through resistance after reporting excellent earnings on Wednesday. But the stock has been on a roll for some time. It's risen tenfold from last September's lows and looks poised to move substantially higher. Notice the excellent accumulation throughout the six-month rally. Investors are taking notice and jumping quickly on board this fast-moving trade. Dynamics Research (DRCO:Nasdaq - news - commentary - research - analysis) broke out of an 18-month base in August and has rallied for the last nine months. The powerful move doubled the stock's price and pushed it to an all-time high. The rally shows no signs of weakening, so there may be time to take a long position. Notice the parallel channel as price moves higher. A pullback to the channel's bottom could offer a great entry price. Source: TC2000 How about a couple of household names? Let's start with Western Digital (WDC:NYSE - news - commentary - research - analysis). You'll recall this hard-drive manufacturer as a hot stock during the rise of the personal computer. WDC fell on hard times in recent years but is making a strong comeback. It's now completing a two-year cup-and-handle pattern. If the stock can break through resistance, it might run to the 1998 high over $20. Here's a second household name, but you may not associate it with the tech sector. Ticketmaster Online (TMCS:Nasdaq - news - commentary - research - analysis) is the real-time interface Deadheads and jocks use to buy tickets for their favorite events. TMCS has been charging through a powerful rally for the last seven months. The stock is now pushing hard against $30. There's a good chance it will break very soon and head up toward $50. Let's move back to some lesser-known names. United Online (UNTD:Nasdaq - news - commentary - research - analysis) is the offspring born in the merger of failed Internet providers Juno and NetZero. UNTD is yet another Net stock reawakening from the dead. After hitting a low of $1.70, the stock began an extended rally that carried it over $11. UNTD does look overextended here and may pull back. But it could head for much higher ground after a little rest and relaxation. Source: TC2000 MKS Instruments (MKSI:Nasdaq - news - commentary - research - analysis) collapsed with the rest of the tech sector when the bubble burst, but then a funny thing happened. It recovered faster and more forcefully than its brethren. In fact, MKSI may challenge its bubble high in the coming months. The good news is this would translate into a 50%-plus rally from this price level. So it may still be a good time to get in and enjoy the ride.