Published August 27, 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 5% over the last thirty trading days while the S&P 500 was down 2.1%.
Increasing 10.7% (+85 cents) to close at $8.81, Nam Tai Electronics (NTE) was a major gainer in the sector. Today, 1.8 million shares traded hands. The stock traded in a range of $7.95 to $9.
Universal Display Corporation (PANL) was a major loser in the sector, falling 8.1% (-$3.47) to close at $39.26 with 4.2 million shares moving. The stock traded between $36.87 and $39.95.
21Vianet Group (VNET) rose 8.5% to close at $10.38, cross its 50-day moving average of $10.14 and 200-day moving average of $10.97. Silicon Motion Technology (SIMO) declined 6.1% to close at $15.53, moving below its 50-day moving average of $15.05 and 200-day moving average of $16.33.
Saba Software (SABA) rose 9.5% to close at $8.07, approaching its 50-day moving average of $8.18. It has also moved closer to its 200-day moving average of $9.07. Maxim Integrated Products (MXIM) fell 3.9% to close at $27.07, moving closer to its 50-day moving average of $27.05. Also, the stock moved closer to its 200-day moving average of $26.80.
Angie's List (ANGI) hit a new 52-week low today, hitting $9 to fall below the previous low of $9.19.