During trading today, the Technology sector (XLK) showed little change while the S&P 500 fell 0.2%.
Although it went in the opposite direction of the market today, the ETF tracked farther from the overall market today than over the past week. Entering today's trading, XLK was up 2.9% over the last seven trading days while the S&P 500 was up 2.6%.
Lender Processing Services (LPS) rose 5.4% to close at $23.87, crossing its 50-day moving average of $23.10. Meanwhile, FSI International (FSII) dropped 18.7% to close at $3.61, moving below its 200-day moving average or $4.00.
Adobe Systems (ADBE) fell 2.7% to close at $31.99, moving closer to its 50-day moving average of $31.97. Also, the stock moved closer to its 200-day moving average of $31.50.
LivePerson (LPSN) was a major loser in the sector, falling 7.8% (-$1.46) to close at $17.37 with 825,989 shares moving. The stock traded in a range of $17.22 to $18.30. The stock has been on the rise in the last two months, up $1.23 (7.6%) from a price of $16.14 on April 23, 2012.
Jabil Circuit (JBL) was a significant gainer in the sector, rising 6.8%. The stock closed at $20.75 with 9.3 million shares moving. The stock traded in a range of $19.46 to $21.02. The stock has lost momentum over the last three months, losing $4.75 (-18.6%) from $25.50 on March 23, 2012.
Medidata Solutions (MDSO) hit a new 52-week high today, reaching $30.68 to top the previous high of $29.65.