Technology Sector Wrap

Published April 18, 2012

| FOXBusiness

During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.

The ETF has moved down across its 50-day moving average of $29.71 today.

Western Digital (WDC) rose 5.2% to close at $41.56, crossing its 50-day moving average of $39.97. Meanwhile, Intermec (IN) dropped 27.6% to close at $5.39, moving below its 200-day moving average or $7.45.

Amphenol Corporation (SNCR) fell 3.1% to close at $58.09, moving closer to its 50-day moving average of $57.94. Also, the stock moved closer to its 200-day moving average of $31.01.

Interphase Corporation (INPH) was a major gainer in the sector, rising 14.5% (+84 cents) to close at $6.63 with 189,507 shares moving. The stock traded in a range of $5.46 to $6.90.

Bel Fuse (BELFB) was a major loser in the sector, falling 7.9% (-$1.41) to close at $16.44 with 17,958 shares moving. The stock traded between $16.41 and $17.84. The stock has fallen over the last three months, dropping $3.79 (-18.7%) from $20.23 on January 20, 2012.

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http://www.foxbusiness.com/markets/2012/04/18/technology-sector-wrap/