During trading today, the S&P 500 dropped 0.8%, and the Technology sector (XLK) showed little change.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLK was down 2.5% over the last thirty trading days while the S&P 500 was down 1.4%.
VirnetX Holding Corporation (VHC) rose 22.5% to close at $28.56, crossing its 50-day moving average of $23.90. Meanwhile, Callidus Software (CALD) dropped 21.3% to close at $6.10, moving below its 200-day moving average or $6.66.
Intersections (INTX) rose 3.9% to close at $11.86, approaching its 50-day moving average of $12.40. It has also moved closer to its 200-day moving average of $12.61. WESCO International (ANSS) fell 3% to close at $65.54, moving closer to its 50-day moving average of $65.42. Also, the stock moved closer to its 200-day moving average of $60.86.
MGT Capital Investments (MGT) was a major gainer in the sector, rising 14.8% (+40 cents) to close at $3.10 with 6,543 shares moving. The stock traded in a range of $2.75 to $3.10. Brightpoint (CELL) also gained today, climbing 39 cents (+6.7%) to close at $6.20.
Acorn Energy (ACFN) was a major loser in the sector. Its price dropped 14.3% (-$1.83) to close at $11.01, as 641,894 shares moved. The stock traded between $10.65 and $13.20.
Enphase Energy (ENPH) hit a new 52-week high today, reaching $9.57 to top the previous high of $8.24.
Mantech International (MANT) hit a new 52-week low today, hitting $28.77 to fall below the previous low of $29.33.