Technology Sector Wrap

Published July 30, 2012

| FOXBusiness

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

Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past week. Entering today's trading, XLK was up 2.4% over the last seven trading days while the S&P 500 was up 2.7%.

Diebold Incorporated (DBD) was a major loser in the sector, falling 9.1% (-$3.31) to close at $33.01 with 2.6 million shares moving. The stock traded in a range of $31.64 to $34.93. The stock is down over the last three months, having fallen $6.90 (-17.3%) from $39.91 on May 2, 2012.

Increasing 8% (+$1.63) to close at $21.88, magicJack VocalTec (CALL) was a major gainer in the sector. Today, 613,217 shares traded hands. The stock traded in a range of $20.96 to $22.15.

Mercadolibre (MELI) declined 7.5% to close at $70, moving below its 50-day moving average of $72.65 and 200-day moving average of $83.06. Apple (AAPL) rose 1.7% to close at $595.03, crossing its 50-day moving average of $590.30.

NetQin Mobile (NQ) rose 7.9% to close at $7.10, approaching its 50-day moving average of $7.83. It has also moved closer to its 200-day moving average of $8.45. Red Hat (RHT) fell 3.7% to close at $53.76, moving closer to its 50-day moving average of $53.60. Also, the stock moved closer to its 200-day moving average of $53.08.

Ellie Mae (ELLI) hit a new 52-week high today, reaching $20.91 to top the previous high of $20.54.

URL

http://www.foxbusiness.com/markets/2012/07/30/technology-sector-wrap/