Published August 24, 2012
The Technology sector (XLK) showed little movement while the S&P 500 gained 0.6% during trading today.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLK was up 7.2% over the last thirty trading days while the S&P 500 climbed 3.9%.
Autodesk (ADSK) was one of the sector's big losers, as its price dropped 15.6% (-$5.58) to close at $30.13. 34.4 million shares of the stock moved. The stock traded between $27.70 and $31.25. The stock has seen some negative movement recently as shares are down $4.84 (-13.8%) from a price of $34.97 on August 17, 2012.
Computer Programs & Systems (CPSI) was a significant gainer in the sector, rising 8.1%. The stock closed at $50.59 with 250,129 shares moving. The stock traded in a range of $47.06 to $51.03. Shares are up, having risen $3.61 (7.7%) from a price of $46.98 on August 17, 2012.
MICROS Systems (MCRS) rose 7% to close at $51.59, crossing its 50-day moving average of $48.44. Meanwhile, Solera Holdings (SLH) dropped 3.4% to close at $41.24, moving below its 200-day moving average or $43.63.
Cepheid (CPHD) rose 1.8% to close at $36.42, approaching its 50-day moving average of $37.44. It has also moved closer to its 200-day moving average of $38.74. Stratasys (ADBE) fell 7.3% to close at $62.58, moving closer to its 50-day moving average of $60.85. Also, the stock moved closer to its 200-day moving average of $31.98.
MedAssets (MDAS) hit a new 52-week high today, reaching $17.15 to top the previous high of $16.60.