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Top 5 Beaten Down Technology Stocks

|Includes:AKAM, CSCO, HPQ, LXK, Tellabs, Inc. (TLAB)
These technology stocks have been losing price value within the past 200 trading days but are now showing signs of an uptrend. While the S&P 500 index gained 20.85%, these securities lost in between 42.90% & 9.31% during the last 200 trading days. The securities may appeal to value investors due to its low Relative Strength Index (RSI) that ranged from 28.02 to 31.53
RSI is a technical momentum indicator comparing recent losses to recent gains to determine if a security is overbought or oversold. When the RSI approaches 30 the security is considered to be oversold and thus undervalued. Likewise if the RSI approaches 70 the security is considered to be overbought and thus overvalued.
Tellabs Inc. (NASDAQ:TLAB) designs and markets services and equipment to communications services providers to deliver voice, data and video services. The stock currently has a weekly RSI of 28.02 and is thus oversold. Further, the stock closed at $4.11 on Thursday, falling $3.09 or 42.92% in the last 200 trading days.
Cisco Systems Inc (NASDAQ:CSCO) a customer and business needs focused company, designs, manufactures, and sells products related to communications and Information Technology globally. The stock currently has a weekly RSI of 28.37 and is thus oversold. Further, the stock closed at $15.05 on Thursday, falling $5.27 or 25.94% in the last 200 trading days.
Akamai Technologies Inc. (NASDAQ:AKAM) offers services for accelerating the delivery of applications and content on the web ranging from on-demand video to live streaming. The stock currently has a weekly RSI of 28.05 and is thus oversold. Further, the stock closed at $29.47 on Thursday, falling $16.72 or 36.20% in the last 200 trading days.
Hewlett-Packard Company (NYSE:HPQ) provides technology services and products to consumers and businesses across the globe. Last year, the company bought Palm, Inc. to get access to its WebOS. The stock currently has a weekly RSI of 31.07 and is approaching the oversold level. Further, the stock closed at $34.97 on Thursday, falling $3.59 or 9.31% in the last 200 trading days.
Lexmark International Inc. (NYSE:LXK) the printer and printing supplies maker offers office and home printing solutions worldwide. The stock currently has a weekly RSI of 31.53 and is approaching the oversold level. Further, the stock closed at $27.65 on Thursday, falling $7.49 or 21.31% in the last 200 trading days.

Disclosure: I am long AKAM.

Additional disclosure: Website disclaimer: Algorithm Cabinet LLC and/or STOOKLE, is not a registered investment advisor and does not provide investment advice.The information contained in this website/blog is for general information purposes only.
Stocks: TLAB, CSCO, AKAM, HPQ, LXK