During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.
While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, XLK was down 3.6% over the last thirty trading days while the S&P 500 was down 1.2%.
Computer Programs & Systems (CPSI) declined 3.8% to close at $55.20, moving below its 50-day moving average of $57.16 and 200-day moving average of $57.03. Generac Holdings (GNRC) rose 25.4% to close at $28.89, cross its 50-day moving average of $24.10 and 200-day moving average of $25.12.
Changyou.com Limited(ADR (CYOU) rose 5.8% to close at $23.65, approaching its 50-day moving average of $25.80. It has also moved closer to its 200-day moving average of $26.16. Kyocera Corporation (PRO) fell 2.7% to close at $93.72, moving closer to its 50-day moving average of $91.93. Also, the stock moved closer to its 200-day moving average of $17.27.
DnB NOR (DNB) was a major loser in the sector. Its price dropped 14.1% (-$10.66) to close at $65.04, as 2.8 million shares moved. The stock traded in a range of $63.21 to $72.50. Shares are down over the last two months as the price has dropped $19.59 (-23.1%) from a price of $84.63 on March 9, 2012.
Increasing 8.8% (+76 cents) to close at $9.39, Pandora Media (P) was a major gainer in the sector. Today, 4.1 million shares traded hands. The stock traded in a range of $8.51 to $9.45.
CommVault Systems (CVLT) hit a new 52-week high today, reaching $55.49 to top the previous high of $55.42.
Quality Systems (QSII) hit a new 52-week low today, hitting $30.54 to fall below the previous low of $33.08.