During trading today, the Technology sector (XLK) showed little change while the S&P 500 fell 0.3%.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLK was down 1.8% over the last thirty trading days while the S&P 500 climbed -1.1%.
Web.com Group (WWWW) rose 19.7% to close at $15.39, cross its 50-day moving average of $13.95 and 200-day moving average of $12.15. CEVA (CEVA) declined 22.3% to close at $17.55, moving below its 50-day moving average of $22.23 and 200-day moving average of $25.66.
QIHOO 360 Technology (RTEC) fell 5.7% to close at $23.54, moving closer to its 50-day moving average of $23.17. Also, the stock moved closer to its 200-day moving average of $9.57. NVE Corporation (NVEC) rose 3.2% to close at $52.90, getting closer to its 200-day moving average or $54.95.
Key Tronic Corporation (KTCC) was a major gainer in the sector, rising 15.6% (+$1.77) to close at $13.10 with 906,279 shares moving. The stock traded in a range of $12 to $13.10.
OpenTable (OPEN) was a major loser in the sector, falling 15% (-$6.55) to close at $37.13 with 5.4 million shares moving. The stock traded in a range of $36.02 to $37.99. The stock has lost momentum over the last three months, losing $14.87 (-28.6%) from $52 on February 3, 2012.
Keynote Systems (KEYN) hit a new 52-week low today, hitting $15.10 to fall below the previous low of $15.88.