Published June 27, 2012
The Technology sector (XLK) showed little change during trading today while the S&P 500 rose 0.9%.
Celestica (CLS) rose 208.6% to close at $22, cross its 50-day moving average of $7.55 and 200-day moving average of $8.34. Windstream (WIN) declined 4.5% to close at $9.33, moving below its 50-day moving average of $9.73 and 200-day moving average of $11.11.
Cree (CREE) rose 5.4% to close at $24.47, approaching its 50-day moving average of $25.89. It has also moved closer to its 200-day moving average of $27.58. Athenahealth (AZZ) fell 3% to close at $77.49, moving closer to its 50-day moving average of $76.99. Also, the stock moved closer to its 200-day moving average of $49.95.
Increasing 13.4% (+$7.75) to close at $65.49, Loral Space & Communications (LORL) was a major gainer in the sector. Today, 573,471 shares traded hands. The stock traded in a range of $64 to $66.28. The stock is down over the last three months, having fallen $14.11 (-17.7%) from $79.60 on March 30, 2012.
American Superconductor Corporation (AMSC) was one of the sector's big losers, as its price dropped 6% (-28 cents) to close at $4.39. 934,379 shares of the stock moved. The stock traded in a range of $4.35 to $4.74.
SPS Commerce (SPSC) hit a new 52-week high today, reaching $29.88 to top the previous high of $28.82.
Quality Systems (QSII) hit a new 52-week low today, hitting $23.93 to fall below the previous low of $25.95.