Technology Sector Wrap

Published July 26, 2012

| FOXBusiness

The Technology sector (XLK) held steady during a trading day that saw the S&P 500 grow 1.6%.

Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLK was up 1.8% over the last thirty trading days while the S&P 500 was up 3.2%.

Ubiquiti Networks (UBNT) was one of the sector's big losers, as its price dropped 14.8% (-$1.89) to close at $10.88. 2.6 million shares of the stock moved. The stock traded between $9.37 and $13.15.

Seagate Technology (STX) was a major gainer in the sector, rising 14.3% (+$3.75) to close at $30.06 with 28.4 million shares moving. The stock traded in a range of $28.85 to $30.60. Share price is up, having risen $5.94 (24.6%) from $24.12 on June 26, 2012.

Equinix (EQIX) rose 12.7% to close at $181.90, cross its 50-day moving average of $167.99 and 200-day moving average of $149.55. Fair Isaac Corporation (FICO) declined 10.7% to close at $39.19, moving below its 50-day moving average of $42.51 and 200-day moving average of $40.88.

F5 Networks (FFIV) rose 2.8% to close at $94.55, approaching its 50-day moving average of $97.37. It has also moved closer to its 200-day moving average of $113.84. Parametric Technology (PMTC) rose 10.6% to close at $20.74, getting closer to its 200-day moving average or $21.79.

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