Earlier this week we mentioned in the Global Equity Markets Review that technology has the strongest model score of the eleven sectors we rank.
So filtering for stock ideas in technology is a great starting point.
Within the Technology sector, the software group has very strong absolute and relative trending characteristics.
We ranked and screened the 90 stocks in the iShares Software Group ETF (NYSEARCA: XSW) and find 70% in a bullish absolute trend and 68% in a bullish relative trend vs. the S&P 500.
Although the list of favorable stocks is large, and we have highlighted 20 names for our clients, we are sharing 2 stocks with you today: Intuit (NASDAQ: INTU) and VMware (NYSE: VMW).
Both stocks have a very good model score and not very deviated from a good entry spot. See the daily and weekly charts below.
Author may have positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.