Three Dow stocks, including Microsoft, are poised for a major breakout

First, Ross pointed to a ’90s tech darling: Microsoft.

“It really doesn’t get any better than this,” he said Wednesday on CNBC’s “Trading Nation.”

According to the technician, the stock has just broken out of a 17-year base, which he says is a rare occurrence. But on top of that breakout, Microsoft has just recently become an outperformer relative to the market as a whole.

Another old-school tech play in the Dow that Ross believes is worth buying is chip stock Intel. “We’re looking at another multiyear base breakout here, an impulsive move coming out of the pattern [and into] a textbook bullish flag continuation pattern,” he said. “We bought the dip, now we’re going to buy the rip in Intel.”