The Technology sector (XLK) showed little movement while the S&P 500 gained 0.1% during trading today.
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As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. As trading began today, XLK was down 3.9% over the last thirty trading days, and the S&P 500 climbed -1.9%.
Mistras Group (MG) rose 2.8% to close at $23.90, cross its 50-day moving average of $23.71 and 200-day moving average of $22.89. BroadSoft (BSFT) declined 18.9% to close at $33.16, moving below its 50-day moving average of $40.61 and 200-day moving average of $35.98.
Coherent (COHR) rose 1.7% to close at $52.16, approaching its 50-day moving average of $55.34. It has also moved closer to its 200-day moving average of $53.68. Allot Communications (MELI) fell 6.7% to close at $23.70, moving closer to its 50-day moving average of $23.38. Also, the stock moved closer to its 200-day moving average of $88.14.
Bottomline Technologies (EPAY) was a major loser in the sector. Its price dropped 15.4% (-$3.47) to close at $19.03, as 1.5 million shares moved. The stock traded in a range of $17.05 to $21.27. The stock has been on a downward trajectory over the last two months, dropping $9.25 (-32.7%) from a price of $28.28 on March 8, 2012.
Synacor (SYNC) was a major gainer in the sector, rising 15% (+$1.71) to close at $13.10 with 4.3 million shares moving. The stock traded in a range of $11.77 to $13.60.