Published July 05, 2012
During trading today, the Technology sector (XLK) showed little change while the S&P 500 fell 0.5%.
Asure Software (ASUR) was a major gainer in the sector, rising 15.9% (+67 cents) to close at $4.87 with 315,291 shares moving. The stock traded in a range of $4.51 to $6.35.
Infosys Ltd ADR (INFY) fell 3.2% to close at $44.59, crossing its 50-day moving average of $43.74. Meanwhile, VanceInfo Technologies Inc.(ADR (VIT) climbed 11.4% to close at $11.49, moving past its 200-day moving average of $11.14.
Baidu (BIDU) rose 2.2% to close at $117.21, approaching its 50-day moving average of $117.70. It has also moved closer to its 200-day moving average of $128.79.
Taiwan Semiconductor Mfg. (TSM) was one of the sector's big losers, as its price dropped 5.5% (-79 cents) to close at $13.65. 12.7 million shares of the stock moved. The stock traded in a range of $13.55 to $13.86. Shares are down over the last two months as the price has dropped $1.77 (-11.5%) from a price of $15.42 on May 7, 2012.