Technology Sector Wrap

Published July 20, 2012

| FOXBusiness

The S&P 500 lost 0.9% while the Technology sector (XLK) showed little movement during trading today.

Although down today, the ETF, as a as a proxy for sector performance, tracked closer to the overall market than over the past week. Entering today's trading, XLK was up 1.7% over the last seven trading days while the S&P 500 was down 0.5%.

Constant Contact (CTCT) rose 3.2% to close at $18.62, cross its 50-day moving average of $18.48 and 200-day moving average of $23.60. Cepheid (CPHD) declined 17.7% to close at $36.01, moving below its 50-day moving average of $41.58 and 200-day moving average of $39.45.

ChinaCache Internatnl Hldgs (CCIH) rose 9.3% to close at $4.95, approaching its 50-day moving average of $5.34. It has also moved closer to its 200-day moving average of $5.70. Universal Display Corporation (RHT) fell 10.4% to close at $33.76, moving closer to its 50-day moving average of $32.88. Also, the stock moved closer to its 200-day moving average of $52.96.

Synacor (SYNC) was a major loser in the sector, falling 13.6% (-$1.77) to close at $11.25 with 2.7 million shares moving. The stock traded in a range of $10.86 to $12.48.

Wizzard Software Corporation (WZE) was a significant gainer in the sector, rising 12.8%. The stock closed at $2.65 with 144,054 shares moving. The stock traded in a range of $2.34 to $2.65. Shares price has risen 64 cents (31.8%) from $2.01 on July 13, 2012. Brightcove (BCOV) also gained today, climbing 83 cents (+5.5%) to close at $15.87.

Athenahealth (ATHN) hit a new 52-week high today, reaching $97.25 to top the previous high of $91.64.

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