Published August 20, 2012
During trading today, both the Technology sector (XLK) and the S&P500 showed little movement.
While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, XLK was up 7% over the last thirty trading days while the S&P 500 was down 4.2%.
Ellie Mae (ELLI) was a major loser in the sector. Its price dropped 12.1% (-$3.45) to close at $25.13, as 1.9 million shares moved. The stock traded in a range of $24.86 to $28.80.
Streamline Health Solutions (STRM) was a significant gainer in the sector, rising 11.2%. The stock closed at $4.80 with 116,021 shares moving. The stock traded in a range of $4.29 to $4.89.
General Cable Corporation (BGC) declined 3.5% to close at $28.07, moving below its 50-day moving average of $26.89 and 200-day moving average of $28.11. QIHOO 360 Technology (QIHU) climbed 9% to close at $20.21, moving past its 200-day moving average of $18.97.
Ancestry.com (CTXS) fell 4.3% to close at $31.11, moving closer to its 50-day moving average of $30.45. Also, the stock moved closer to its 200-day moving average of $76.05.