During trading today, the Technology sector (XLK) showed little change while the S&P 500 fell 0.3%.
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 0.4% over the last thirty trading days while the S&P 500 was down 0.8%.
EZchip Semiconductor (EZCH) declined 3.5% to close at $37.84, moving below its 50-day moving average of $38.05 and 200-day moving average of $37.86.
Riverbed Technology (RVBD) rose 3.7% to close at $15.60, approaching its 50-day moving average of $16.67. It has also moved closer to its 200-day moving average of $22.69. Citrix Systems (RHT) fell 3% to close at $78.12, moving closer to its 50-day moving average of $77.96. Also, the stock moved closer to its 200-day moving average of $52.52.
Sourcefire (FIRE) was a major loser in the sector. Its price dropped 8.4% (-$4.46) to close at $48.74, as 1.1 million shares moved. The stock traded in a range of $48 to $53.18. The stock has been on a downward trajectory over the last two months, slipping $8.89 (-15.4%) from a price of $57.63 on May 1, 2012.
Enphase Energy (ENPH) was a significant gainer in the sector, rising 7.5%. The stock closed at $6.29 with 140,629 shares moving. The stock traded in a range of $5.68 to $6.37.
Parametric Sound (PAMT) hit a new 52-week high today, reaching $9.59 to top the previous high of $9.55.
Check Point Software Technologies (CHKP) hit a new 52-week low today, hitting $46.94 to fall below the previous low of $47.79.