Software Stocks Hit By Mixed Earnings, Tech Sell-Off

By | April 25, 2014

Scalper1 News

A number of former highflying software industry subgroups got hammered last week amid mixed earnings reports and a broader decline in tech stocks. In all, software industry groups comprised five of the 10 biggest decliners out of IBD’s 197 groups. The 15-stock medical software group was the biggest loser, dropping nearly 12%. It was ranked No. 195 as of Friday’s IBD, down from No. 21 six weeks ago. Other groups falling on hard times include the Scalper1 News

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