During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.
Continue Reading Below
The ETF has moved down across its 50-day moving average of $29.66 today.
Fairchild Semiconductor International (FCS) declined 72.2% to close at $4.02, moving below its 50-day moving average of $14.30 and 200-day moving average of $13.69. Youku (YOKU) rose 3.2% to close at $24.77, crossing its 50-day moving average of $24.15.
LogMeIn (LOGM) rose 2.1% to close at $35.49, approaching its 50-day moving average of $35.69. It has also moved closer to its 200-day moving average of $37.42.
Infosys Ltd ADR (INFY) was a major loser in the sector. Its price dropped 13.4% (-$7.62) to close at $49.15, as 9.8 million shares moved. The stock traded in a range of $48.52 to $49.53. Over the last month, the share price has dropped $9.56 (-16.3%) from $58.71 on March 14, 2012.
Increasing 11.4% (+$1.95) to close at $19.12, iGATE Corporation (IGTE) was a major gainer in the sector. Today, 1.3 million shares traded hands. The stock traded in a range of $17.40 to $19.64. The stock has risen $2.72 (16.6%) over the last three months from a price of $16.40 on January 17, 2012.