Technology Sector Wrap

Published July 09, 2012

| FOXBusiness

During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.

The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLK was up 2.2% over the last thirty trading days, and the S&P 500 climbed 2.5%.

THQ (THQI) rose 1011.3% to close at $5.79, cross its 50-day moving average of 63 cents and 200-day moving average of 73 cents. Luminex Corporation (LMNX) declined 17.9% to close at $19.99, moving below its 50-day moving average of $23.69 and 200-day moving average of $22.67.

OYO Geospace Corporation (OYOG) rose 3.1% to close at $87.65, approaching its 50-day moving average of $89.94. It has also moved closer to its 200-day moving average of $95.80.

Synacor (SYNC) was a significant gainer in the sector, rising 12.2%. The stock closed at $17.34 with 1.5 million shares moving. The stock traded in a range of $16.30 to $17.49.

Silicon Motion Technology (SIMO) was one of the sector's big losers, as its price dropped 8.1% (-$1.15) to close at $13.01. 747,319 shares of the stock moved. The stock traded in a range of $12.95 to $14.18. Over the last three months, the stock has lost $5.50 (-29.7%) from a price of $18.51 on April 11, 2012.

Check Point Software Technologies (CHKP) hit a new 52-week low today, hitting $44.56 to fall below the previous low of $46.94.

URL

http://www.foxbusiness.com/markets/2012/07/09/technology-sector-wrap/