Technology Sector Wrap

Published August 16, 2012

| FOXBusiness

On a trading day that saw the S&P 500 gain 0.7%, the Technology sector (XLK) showed little change.

As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. As trading began today, XLK was up 6% over the last thirty trading days, and the S&P 500 climbed 3.4%.

Pointer Telocation (PNTR) was one of the sector's big losers, as its price dropped 13.2% (-35 cents) to close at $2.30. 5,588 shares of the stock moved. The stock traded between $2.30 and $2.76.

SINA Corporation (SINA) was a significant gainer in the sector, rising 10.4%. The stock closed at $56.19 with 14.6 million shares moving. The stock traded in a range of $54.62 to $58.20. Shares have been on on the rise over the past month, climbing $10.92 (24.1%) from a price of $45.27 on July 18, 2012.

Check Point Software Technologies (CHKP) rose 4% to close at $50.50, cross its 50-day moving average of $48.71 and 200-day moving average of $53.81. Agilent Technologies (A) declined 8.2% to close at $37.15, moving below its 50-day moving average of $38.63 and 200-day moving average of $40.32.

F5 Networks (FFIV) rose 4.8% to close at $104.05, getting closer to its 200-day moving average or $111.45.

Ellie Mae (ELLI) hit a new 52-week high today, reaching $28.36 to top the previous high of $27.05.

URL

http://www.foxbusiness.com/markets/2012/08/16/technology-sector-wrap/