Technology Sector Wrap

Published June 26, 2012

| FOXBusiness

The Technology sector (XLK) showed little change during trading today while the S&P 500 rose 0.5%.

Increasing 9.1% (+$2.26) to close at $27.01, Vocera Communications (VCRA) was a major gainer in the sector. Today, 193,792 shares traded hands. The stock traded in a range of $24.79 to $28.15.

Trina Solar (TSL) was one of the sector's big losers, as its price dropped 8% (-54 cents) to close at $6.23. Two million shares of the stock moved. The stock traded in a range of $6.18 to $6.73. The stock has lost momentum over the last three months, losing 95 cents (-13.2%) from $7.18 on March 29, 2012.

Jinpan International (JST) declined 5.5% to close at $8, moving below its 50-day moving average of $7.66 and 200-day moving average of $8.31. Universal Display Corporation (PANL) rose 3.5% to close at $31.97, crossing its 50-day moving average of $31.56.

Mercadolibre (MELI) rose 5.6% to close at $73.70, approaching its 50-day moving average of $74.04. It has also moved closer to its 200-day moving average of $85.11. Powell Industries (ASMI) fell 2.8% to close at $36.14, moving closer to its 50-day moving average of $35.87. Also, the stock moved closer to its 200-day moving average of $34.59.

Acme Packet (APKT) hit a new 52-week low today, hitting $17.98 to fall below the previous low of $18.96.

URL

http://www.foxbusiness.com/markets/2012/06/26/technology-sector-wrap/