Hardware Makers Lower - Worst Performers: WDC, NTAP

Published on Thursday, 29 July 2010 11:50 Written by Christian Paolinetti

New York, July 29th (TradersHuddle.com) - Western Digital (NYSE:WDC), the maker of hard drives for computers and entertainment systems is trading at 27.25, which represents -1.98% versus its previous trading session close,adding downward pressure to technology shares, with the Technology Select Sector Spider (NYSE:XLK) trading -0.37% from its previous trading session close.

Technology shares trading flat with the S&P500, which is trading lower by -0.37%.

Among the computer hardware makers, Western Digital was the worst performer in the Computer Hardware Index (NYSE:^HWI), which is trading lower by 0.64%. The index is having a mixed day with only 4 components trading higher.

NetApp (NASDAQ:NTAP), is a worst performer as well. The storage and data management solutions provider is trading at $42.43 representing -1.71% Versus the previous trading session. Shares of NetApp have defined support at $27.12 and resistance at $33.5.

Relative strength in the Computer Hardware Index is being felt in Dell (NASDAQ:DELL), which is the top performer in the session, with the stock trading at $13.52 representing 0.15% versus the previous trading session. Shares of Dell, the 3rd largest personal computer maker in the world have defined support at $13.01 and resistance at $13.95.

The other top performer is IBM (NYSE:IBM), which is trading at $128.55 representing 0.09% from its previous close. IBM, the IT solutions and consulting services provider has calculated support and resistance levels at $122.93 and $131.6 respectively.