Two Tech Stock Casualties

07/30/2010 10:03 am EST


Thomas Aspray

, Professional Trader & Analyst

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Two widely followed tech stocks were hit hard on Thursday, but technically, they look very different. Akamai Technologies (AKAM) has been one of the strongest tech stocks, rising from $25 to over $46. It gapped through support on heavy volume with good support now at $32-$35 and the rising 200-day MA. NVIDIA Corporation (NVDA), on the other hand, is in a well-established downtrend with a pattern of lower highs and lower lows. It also gapped lower on heavy volume with next long-term support at $8.30.

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