SQ Stock Among Tech Stocks In Or Near Buy Zone

Tech stocks Square (SQ), Microsoft (MSFT), and YouTube and Google parent Alphabet (GOOGL) are showing strength. In addition to securing a spot on IBD Leaderboard, they’ve also all earned a spot among the Most Trusted Technology Companies. PayPal (PYPL) also made both lists, although PYPL stock has run into selling pressure.


Amid increased government regulation and concern about cybersecurity attacks, these tech stocks garnered the most trust in a new survey from IBD/TIPP.

MSFT, GOOGL, PYPL and SQ stock also join several other leading tech stocks on IBS Leaderboard. Nvidia (NVDA), ServiceNow (NOW), CrowdStrike (CRWD) and Snapchat parent Snap (SNAP) also made that cut.

A simple way to own such stocks with just one trade is with Innovator IBD 50 ETF (FFTY). Rebalanced weekly, the ETF tracks stocks on the IBD 50 list of leading growth stocks.

Leading Growth Stocks, Tech Stocks Near Buy Zones

Several Leaderboard stocks, such as Microsoft, Crocs (CROX) and GOOGL stock, are extended. Others are in or approaching new buy zones. Nvidia stock, Square, Snap and ServiceNow are among the top tech stocks fitting that bill.

Tesla stock continues to form a deep chart pattern.

For each stock on IBD Leaderboard, IBD market experts provide analysis of any buy points or warning signs, as well as a look at company’s fundamentals and back story.

In addition to more traditional buy points, the Leaderboard team also outlines alternate entries and discusses action around key moving averages, including the 21-day line.

For a complete look at the latest analysis of tech stocks and others, visit IBD Leaderboard or learn more about the features and ongoing alerts to buy points.

Innovator IBD 50 ETF

The Innovator IBD 50 ETF from Innovator Capital Management tracks stocks on the IBD 50 list of leading growth stocks. As with other index ETFs, this allows you to essentially invest in the entire index in addition to or rather than buying individual stocks. Learn more about the Innovator IBD 50 ETF and Innovator funds.

Follow Matthew Galgani on Twitter at @IBD_MGalgani.


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