Published August 09, 2012
The Technology sector (XLK) held steady during a trading day that saw the S&P 500 grow 0.1%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, XLK was up 6.7% over the last thirty trading days while the S&P 500 climbed 4.8%.
ACCO Brands Corporation (ACCO) was a major loser in the sector, falling 14.7% (-$1.30) to close at $7.52 with 6.3 million shares moving. The stock traded in a range of $7.20 to $8.32.
Increasing 10.6% (+$6.82) to close at $71.26, OSI Systems (OSIS) was a major gainer in the sector. Today, 585,363 shares traded hands. The stock traded in a range of $65.59 to $71.44. Share price is up, having risen $9.66 (15.7%) from $61.60 on July 11, 2012.
Tangoe (TNGO) rose 7% to close at $21.40, cross its 50-day moving average of $20.38 and 200-day moving average of $19.25. Windstream (WIN) declined 7.5% to close at $9.30, moving below its 50-day moving average of $9.79 and 200-day moving average of $10.66.
Citrix Systems (CTXS) rose 3.2% to close at $75.55, approaching its 50-day moving average of $76.60. It has also moved closer to its 200-day moving average of $75.89.
Tower Semiconductor (TSEM) hit a new 52-week low today, hitting $7.89 to fall below the previous low of $8.25.