Technology Sector Wrap

Published July 13, 2012

| FOXBusiness

On a trading day that saw the S&P 500 gain 1.7%, the Technology sector (XLK) showed little change.

As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. As trading began today, XLK was up 0.8% over the last thirty trading days, and the S&P 500 climbed 2.8%.

VirnetX Holding Corporation (VHC) was a significant gainer in the sector, rising 7.1%. The stock closed at $40.47 with 3.3 million shares moving. The stock traded in a range of $38.76 to $41.75.

Video Display Corporation (VIDE) was a major loser in the sector, falling 6.4% (-28 cents) to close at $4.11 with 27,845 shares moving. The stock traded in a range of $4 to $4.42.

Analogic Corporation (ALOG) rose 4.8% to close at $64.64, cross its 50-day moving average of $62.86 and 200-day moving average of $62.00. Insight (NSIT) declined 2.7% to close at $16.48, moving below its 50-day moving average of $15.92 and 200-day moving average of $17.93.

Red Hat (RHT) rose 4% to close at $52.48, approaching its 50-day moving average of $54.04. It has also moved closer to its 200-day moving average of $52.84. Innodata Isogen (NTCT) fell 6.1% to close at $6.49, moving closer to its 50-day moving average of $6.47. Also, the stock moved closer to its 200-day moving average of $19.87.

Franklin Electric (FELE) hit a new 52-week high today, reaching $54.69 to top the previous high of $53.75.

Hewlett-Packard (HPQ) hit a new 52-week low today, hitting $18.77 to fall below the previous low of $19.02.

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