These lagging technology stocks are poised for a breakout, traders say

📆 2019/12/21 0:41:00
📰 CNBC

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These lagging technology stocks are poised for a breakout, traders say $CSCO $TXN $XLK (via TradingNation)

Quint Tatro, chief investment officer at Joule Financial, sees signs of life in one particular stock: Cisco.

will see key improvements in multiple product lines in 2020 — Tatro wasn't shying away from the downtrodden name. Western Digital also looked "unenthusiastic" to Baruch, who said the stock appeared to have "no direction" after falling for most of 2018. In short, Texas Instruments' strong uptrend has made Baruch bullish on the semiconductor manufacturer.

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