5 Technology Stocks Being Dumped Right Now

Through the early part of trading on Tuesday, August 30, 2011, these stocks are bringing down the Technology (NYSE:XLK) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Cisco Systems, Inc. (NASDAQ:CSCO) is one of the sector losers in price. Its shares are trading at $15.47, down 26 cents (-1.7%) from the previous close of $15.74. Cisco Systems, Inc. is a multinational corporation engaged in the design, manufacturing and sales of Internet Protocol-based consumer electronics, networking, and other services related to communications and information technology.

Stock Price Performance: From August 23, 2011, to August 29, 2011, the stock price had risen 30 cents (1.9%) from $15.44 to $15.74. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 8, 2010 when shares rose for seven straight trading days, rising 6.7% (+$1.52). It saw one of its worst periods between April 6, 2011 and April 19, 2011 when shares fell for 10 straight trading days, falling 8.1% (-$1.45).

Emerson Electric Co. (NYSE:EMR) is among the price losers in the sector. Its shares are trading at $45.78, which is $1.11 (-2.3%) below the previous close of $46.88. Emerson Electric Co. is a multinational technology company, which designs and supplies product technology. It provides engineering services to a wide gamut of industrial, commercial and consumer markets worldwide.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $9.77 (-17.2%) from $56.65 to $46.88. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine straight trading days, rising 8.5% (+$4.54). It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight trading days, falling 5.6% (-$3.26).

Shares of Xerox Corporation (NYSE:XRX) are trading at $7.93, down 15 cents (-1.6%) from the previous close of $8.06. Xerox Corporation, in the global document market, develops, manufactures, markets, services and finances document equipment, software, solutions and services.

Stock Price Performance: From June 30, 2011, to August 26, 2011, the stock price had fallen $2.69 (-25.8%) from $10.41 to $7.72. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven straight trading days, rising 4.5% (+43 cents). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 14.4% (-$1.48).

Pitney Bowes Inc. (NYSE:PBI) is one of the sector losers in price. Its shares are trading at $19.73, down 33 cents (-1.5%) from the previous close of $20.02. Pitney Bowes Inc. provides mail processing equipment and integrated mail solutions, including postage meters and office supplies.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $2.90 (-12.7%) from $22.92 to $20.02. The stock price saw one of its best stretches over the last year between December 3, 2010 and December 20, 2010 when shares rose for 12 straight trading days, rising 8.5% (+$1.83). It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight trading days, falling 6.8% (-$1.33).

National Instruments Corporation (NASDAQ:NATI) is among the price losers in the sector. Its shares are trading at $25.50, which is 70 cents (-2.6%) below the previous close of $26.18. National Instruments Corporation is a supplier of measurement and automation products that engineers and scientists use in a range of industries.

Stock Price Performance: From June 30, 2011, to August 26, 2011, the stock price had fallen $5.40 (-18.3%) from $29.58 to $24.18. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight straight trading days, rising 10% (+$2.81). It saw one of its worst periods between April 26, 2011 and May 4, 2011 when shares fell for seven straight trading days, falling 10.4% (-$3.36).