The Technology sector (XLK) showed little movement while the S&P 500 gained 0.2% during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLK was down 0.9% over the last thirty trading days, and the S&P 500 climbed -0.1%.
Skyworks Solutions (SWKS) rose 9.1% to close at $27.81, cross its 50-day moving average of $26.60 and 200-day moving average of $22.47. Computer Programs & Systems (CPSI) climbed 6.9% to close at $59.73, moving past its 200-day moving average of $57.05.
Apple (INFA) fell 0.8% to close at $603, moving closer to its 50-day moving average of $594.58. Also, the stock moved closer to its 200-day moving average of $46.04. Hittite Microwave (HITT) rose 6% to close at $52.84, getting closer to its 200-day moving average or $53.13.
Western Digital (WDC) was a major loser in the sector. Its price dropped 14% (-$6.17) to close at $37.93, as 18.2 million shares moved. The stock traded in a range of $37.40 to $39.46. The stock has been losing steam over the last month, slipping $4.24 (-10.1%) from a price of $42.17 on March 28, 2012.
Bel Fuse (BELFB) was a major gainer in the sector, rising 11.3% (+$1.84) to close at $18.08 with 49,027 shares moving. The stock traded in a range of $16.44 to $18.11. Shares price has risen $2.09 (13.1%) from $15.99 on April 20, 2012. Similarly, Ariba (ARBA) gained today, increasing $3.99 (+11.3%) to close at $39.35.
Brightpoint (CELL) hit a new 52-week low today, hitting $6.01 to fall below the previous low of $6.90.