Hardware Makers Traded flat with - In Focus: NTAP, AAPL, HPQ, IBM

Published on Wednesday, 08 September 2010 16:59 Written by Danny Miller

New York, September 8th (TradersHuddle.com) - NetApp (NASDAQ:NTAP), the storage and data management solutions provider closed at 46.43, which represents 3.68% versus its previous trading session close. NetApp was the computer hardware index best performer today, it helped the sector adding upward pressure to overall technology shares, with the Technology Select Sector Spider (NYSE:XLK) trading 0.64% from its previous trading session close.

Technology shares traded flat with the S&P500, which traded higher by 0.64%.

The Index best performer, NetApp the storage and data management solutions provider, helped push the Computer Hardware Index (NYSE:^HWI) Higher by 1.25%. The index is had a broad rally with only 1 index component trading lower.

Also among the top performers, Apple (NASDAQ:AAPL), the maker of iPhones and iPods traded at $262.92 representing 1.98% Versus the previous trading session. Shares of Apple have defined support at $235.56 and resistance at $265.99.

Practically no Relative weakness in the index today, however today's worst performer was Hewlett Packard (NYSE:HPQ), with the stock closing at $38.81 representing -2.78% versus the previous trading session. Shares of Hewlett Packard, the maker of printers and personal computers have defined support at $37.32 and resistance at $40.49.

The other worst performer was IBM (NYSE:IBM), which traded at $126.08 representing 0.1% from its previous close. IBM, the IT solutions and consulting services provider has calculated support and resistance levels at $37.32 and $40.49 respectively.