Published August 13, 2012
During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLK was up 6.9% over the last thirty trading days, and the S&P 500 climbed 3.7%.
iSoftStone Holdings (ISS) was a major gainer in the sector, rising 11.7% (+58 cents) to close at $5.52 with 142,005 shares moving. The stock traded in a range of $4.99 to $5.54. Over the last three months, the stock has lost $2.28 (-29.2%) from a price of $7.80 on May 16, 2012.
Tower Semiconductor (TSEM) was a major loser in the sector, falling 10.8% (-96 cents) to close at $7.91 with 138,458 shares moving. The stock traded in a range of $7.64 to $8.12.
Fiserv (FISV) rose 1.3% to close at $70.81, cross its 50-day moving average of $70.43 and 200-day moving average of $67.84. Multi-Fineline Electronix (MFLX) declined 5.4% to close at $24.83, moving below its 50-day moving average of $25.83 and 200-day moving average of $25.34.
Digimarc (DMRC) rose 3.2% to close at $22.99, approaching its 50-day moving average of $25.27. It has also moved closer to its 200-day moving average of $26.35. Illumina (VMW) fell 3.7% to close at $42, moving closer to its 50-day moving average of $41.55. Also, the stock moved closer to its 200-day moving average of $96.31.
Spectrum Brands Holdings (SPB) hit a new 52-week high today, reaching $37.65 to top the previous high of $37.52.