Computer Hardware - Leaders: IBM, HPQ - Laggards: WDC, symbolb2

Published on Wednesday, 28 July 2010 16:59 Written by Gerard Lerod

New York, July 28th (TradersHuddle.com) - Western Digital (NYSE:WDC), the maker of hard drives for computers and entertainment systems traded at 27.8, which represents -3.27% versus its previous trading session close,added downward pressure to technology shares, with the Technology Select Sector Spider (NYSE:XLK) trading -0.69% from its previous trading session close.

Technology shares traded flat with the S&P500, which traded lower by -0.69%.

Among the computer hardware makers, Western Digital was the worst performer in the Computer Hardware Index (NYSE:^HWI), which traded lower by 1.46%. The index is had a broad decline with only 1 component trading higher.

Seagate (NASDAQ:STX), is a worst performer as well. The largest maker of hard drives and storage solutions in the world ended the trading session at $12.84 representing -2.95% Versus the previous trading session. Shares of Seagate have defined support at $27.12 and resistance at $33.50.

Relative strength in the Computer Hardware Index was felt in IBM (NYSE:IBM), which was the top performer in the session, with the stock trading at $128.43 representing -0.16% versus the previous trading session. Shares of IBM, the IT solutions and consulting services provider have defined support at $122.93 and resistance at $131.60.

The other top performer was Hewlett Packard (NYSE:HPQ), which traded at $47.13 representing -0.92% from its previous close. Hewlett Packard, the maker of printers and personal computers has calculated support and resistance levels at $45.27 and $47.97 respectively.