Technology Sector Wrap

Published August 21, 2012

| FOXBusiness

The Technology sector (XLK) showed little movement on a trading day that saw S&P 500 fall 0.3%.

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 7.4% over the last thirty trading days while the S&P 500 was down 4.9%.

Increasing 7.6% (+$1) to close at $14.20, Eloqua (ELOQ) was a major gainer in the sector. Today, 101,800 shares traded hands. The stock traded in a range of $13.20 to $14.43.

SouFun Holdings (SFUN) was a major loser in the sector, falling 6.3% (-93 cents) to close at $13.90 with 236,998 shares moving. The stock traded between $13.84 and $15.10. The stock is down over the last two months, having fallen $3.38 (-19.6%) from a price of $17.28 on June 22, 2012.

ADTRAN (ADTN) rose 3.4% to close at $23.12, cross its 50-day moving average of $23.03 and 200-day moving average of $28.41. Baidu (BIDU) declined 5.7% to close at $123.40, moving below its 50-day moving average of $121.25 and 200-day moving average of $126.00.

EZchip Semiconductor (EZCH) rose 2.3% to close at $32.28, approaching its 50-day moving average of $34.00. It has also moved closer to its 200-day moving average of $37.17. Babcock & Wilcox (BWC) fell 5% to close at $25.40, moving down to 1.9% above its 200-day moving average of $24.93.

CGI Group (GIB) hit a new 52-week high today, reaching $25.53 to top the previous high of $24.97.

URL

http://www.foxbusiness.com/markets/2012/08/21/technology-sector-wrap/