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Why These 2 Undervalued Technology Stocks Are Set to Bounce Back

Be careful when buying stocks that are trading near 52-week lows.

There is often a good reason behind a stock's decline, such as disruptions in its industry or decreasing market share. But sometimes the culprit is shortsighted fear from an earnings miss that causes a stock to become oversold.

Cray Research (CRAY) and Inteliquent (IQNT) are two technology companies whose share prices have been unfairly punished following the release of second-quarter earnings results.

Cray Research has been making supercomputers since the 1970s, and founder...