Title: How to Find High-Growth Tech Stocks Set for a Bull Run: Investing.com’s Screener Reveals Opportunities
US stock indexes rebound as concerns over recession fade, tech sector poised for resurgence
The recent rebound in US stock indexes has provided relief to investors after a sharp sell-off driven by recession fears. Yesterday’s data, which met expectations and showed signs of easing price pressures, has boosted investor confidence and sparked a bounce in the market. The technology sector, which has been under pressure in recent weeks, is now seen as poised for a resurgence as investor sentiment improves.
For the market to regain an uptrend, it will need to overcome the 17600 resistance level, which marked the beginning of the previous decline. Breaking through this barrier could pave the way for a rally towards the historical high of around 18600 points. However, the path forward remains uncertain, with the Federal Reserve’s monetary policy decisions continuing to impact market sentiment.
This week’s release of the Federal Reserve’s minutes will provide crucial insights into the central bank’s stance on interest rate cuts and the overall economic outlook. As investors seek potential bullish setups in the tech sector, Investing.com’s screener can be a valuable tool to identify high-growth tech stocks gearing up for a bull run.
To build a portfolio of high-growth tech stocks, focus on selecting companies using technical oscillators that are not in the overbought zone and have shown positive returns over the past week. Additionally, refine your search by filtering for companies in the “Technology” sector. This approach will help identify companies with short-term positive returns that still offer upside potential.
Once you have selected your custom criteria or one of the prepared portfolios on Investing.com’s screener, the tool will generate a list of companies that meet your preferences. You can organize these companies into different groups and view key indicators like “Fair Value” to identify companies with high growth potential. This powerful tool can help investors capitalize on opportunities in a rebounding market.
Remember, investing in any asset carries risks, and it is essential to evaluate investments from multiple perspectives. This article is for informational purposes only and does not constitute investment advice. Any investment decision and associated risks remain with the investor.