Companies may scramble to spend their cash hoards before the year-end, or engage in so-called budget flush. If companies have not used money on new technologies yet, they are likely to spend near the end of the year.
Additionally, all the latest consumer technologies are put in the limelight during the holiday season.
“At this point, many bullish traders will likely look to protect their long positions by placing a stop-loss order below the support of the 200-day moving average, which is currently trading near $41.55. This is one of the strongest risk/reward ratios anywhere in the public markets and will likely remain a key sector for the bulls leading into 2016,” adds Investopedia
Technology Select Sector SPDR
