In the world of trading, one of my favorite sectors to watch is tech. Not only do I enjoy the trends that technology stocks tend to offer, I’m intrigued by the innovation in the industry. With that said, here are a few tech stocks that I’ve been watching closely that are currently on a bullish trend, and what we can expect from them moving forward…
NQ Mobile Continues Its Strong Bullish Run
NQ Mobile Inc (ADR) (NYSE: NQ)
NQ Mobile has been trading up for nearly a month now; running on a strong bullish trend. Enjoying the fruits of high volume, the stock has climbed from $3.67 per share to more than $6 per share over the past month; and it seems as though we’re just seeing the beginning. As high volume continues, call option buyers can’t seem to put this stock down. Overall investor sentiment is positive with regard to the stock and for good reason. So, keep an eye on this bullish trend. If you’re looking to get into tech stocks, this may just be a great option to start with!
Ambarella Stock Is Trending Back Up Today
Ambarella Inc (NASDAQ: AMBA)
Ambarella is another stock that has had a bullish month. However, yesterday Citi released a research note with regard to sales of GoPro; expecting to see less than what was expected before. Since Ambarella equipment is used in GoPro cameras, the stock took a bit of a hit yesterday. However, I mentioned yesterday that I wasn’t concerned about the declines. All in all, AMBA is a great stock that represents a great company, and we can expect to see growth. Low and behold, the stock is trading back up today; and I’m expecting to see more improvements in the value of AMBA over the long run. So, again, this may be another one that you may want to consider taking advantage of.
Himax Technologies Continues Rising On Analyst Upgrade
Himax Technologies, Inc. (ADR) (NASDAQ: HIMX)
Finally, we have Himax Technologies. This is another tech stock that has seen solid gains over the past month; and in my opinion, isn’t likely to stop growing any time soon. To add fuel to the fire, HIMX was recently upgraded by Bank of America from an “Underperform” rating to a “Buy” rating. As a result, investors pushed the stock even further up; and continues to do so. This is another stock that I don’t see declining any time soon. So, if you’re looking for a great tech stock to get involved with, you may want to strongly consider HIMX.
Do You Know Of Any Others?
Do you know of any other strong stocks in the tech space? If so, let us know in the comments below!