Tech Stocks Are Ready to Rally Once Again

Chart Source: TradingView

As we move into September, technology is back to being the hottest ticket on the street. The Technology Select Sector SPDR (XLK), the biggest ETF by assets tracking the sector, hit a new high Thursday on the heels of a broader climb in the general market.

The gains were led in part by the “FANG” stocks, Facebook Inc. (FB), Amazon.com Inc. (AMZN​), Netflix Inc. (NFLX​) and Google parent company Alphabet Inc. (GOOGL​). Looking ahead to the next week of trading, these stocks look strong given their respective technical backdrop.

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