Cloud Stocks Flying High
This morning, the major stock indexes are all coming under some selling pressure. However, there is one group of technology stocks that are trading higher just after the opening bell and they are the cloud computing stocks. Traders should always keep an eye on a group of stocks that seem to be bucking the short term trend as the stocks have good intra-day relative strength. Therefore, if the major stock indexes begin to trade higher these stocks could see further gains in the trading session.
Some of the leading cloud computing stocks that are on the move this morning include F5 Networks Inc.(NASDAQ:FFIV), Riverbed Technology Inc.(NASDAQ:RVBD), Netapp Inc.(NASDAQ:NTAP), and VMWare Inc.(NYSE:VMW). These are some leading cloud computing stocks that are trading higher in down market. Therefore, should the major stock indexes catch a bid higher later in the trading session these stocks could see further gains. At the moment, most of these stocks may need to pause or consolidate intra-day before making a move later in the trading session.