Published August 06, 2012
The Technology sector (XLK) showed little movement while the S&P 500 gained 0.2% during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Going into trading today, the S&P 500 was up 0.7% over the last seven trading days, but XLK was up 2.1%.
RADCOM (RDCM) was one of the sector's big losers, as its price dropped 13.1% (-44 cents) to close at $2.92. 20,380 shares of the stock moved. The stock traded in a range of $2.77 to $3.36.
Increasing 11.7% (+$2) to close at $19.06, First Solar (FSLR) was a major gainer in the sector. Today, 12.5 million shares traded hands. The stock traded in a range of $17.11 to $19.37.
NetQin Mobile (NQ) fell 7.8% to close at $7.54, crossing its 50-day moving average of $7.81. Meanwhile, EZchip Semiconductor (EZCH) climbed 6.8% to close at $38.58, moving past its 200-day moving average of $37.75.
Youku (YOKU) rose 9.8% to close at $17.98, approaching its 50-day moving average of $19.14. It has also moved closer to its 200-day moving average of $21.66. Perficient (PLUS) fell 3.5% to close at $12.19, moving closer to its 50-day moving average of $12.03. Also, the stock moved closer to its 200-day moving average of $31.31.
Stratasys (SSYS) hit a new 52-week high today, reaching $67.71 to top the previous high of $64.80.
CVD Equipment Corporation (CVV) hit a new 52-week low today, hitting $9.62 to fall below the previous low of $10.15.