New York, December 31st (TradersHuddle.com) – Western Digital (NYSE:WDC), the maker of hard drives for computers and entertainment systems is trading at 33.21, which represents -1.31% versus its previous trading session close,adding downward pressure to technology shares, with the Technology Select Sector Spider (NYSE:XLK) trading 0.01% from its previous trading session close.
Technology shares trading flat with the S&P500, which is trading higher by 0.01%.
Among the computer hardware makers, Western Digital was the worst performer in the Computer Hardware Index (NYSE:^HWI), which is trading lower by 0.7%. The index is having 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 is trading at $14.85 representing -1% Versus the previous trading session. Shares of Seagate have defined support at $32.4 and resistance at $34.08.
Relative strength in the Computer Hardware Index is being felt in IBM (NYSE:IBM), which is the top performer in the session, with the stock trading at $146.52 representing -0.1% versus the previous trading session. Shares of IBM, the IT solutions and consulting services provider have defined support at $146.67 and resistance at $146.67.
The other top performer is Apple (NASDAQ:AAPL), which is trading at $321.88 representing -0.55% from its previous close. Apple, the maker of iPhones and iPods has calculated support and resistance levels at $297.76 and $317.70 respectively.
Source:-http://www.tradershuddle.com/20101231140005/Stocks/computer-hardware-update-leaders-ibm-aapl-laggards-wdc-stx.html
