5 Top Stocks in the Technology Sector Moving to the Upside This Morning

Through early trading on Thursday, September 1, 2011, these stocks are helping the Technology (NYSE:XLK) sector today. 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 among the sector price gainers, as its shares are trading at $15.93, up 26 cents (+1.7%) from the previous close of $15.67. 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 25, 2011, to August 31, 2011, the stock price had risen 59 cents (3.9%) from $15.08 to $15.67. 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).

QUALCOMM Incorporated (NASDAQ:QCOM) is among the top price gainers in the sector. Its shares are trading at $52.09, up 56 cents (+1.2%) from the previous close of $51.46. Qualcomm Incorporated designs and manufactures digital wireless telecommunications products and services based on its CDMA technology and other technologies.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $6.64 (-11.5%) from $57.88 to $51.24. The stock price saw one of its best stretches over the last year between June 29, 2011 and July 8, 2011 when shares rose for seven straight trading days, rising 7.1% (+$3.91). It saw one of its worst periods between March 3, 2011 and March 16, 2011 when shares fell for 10 straight trading days, falling 14.2% (-$8.27).

InterDigital, Inc. (NASDAQ:IDCC) is among the sector price gainers, as its shares are trading at $72.18, up $1.78 (+2.5%) from the previous close of $70.40. InterDigital, Inc. designs and develops advanced digital wireless technology solutions.

Stock Price Performance: From June 6, 2011, to August 30, 2011, the stock price had risen $35.20 (94.4%) from $37.28 to $72.48. The stock price saw one of its best stretches over the last year between October 19, 2010 and October 29, 2010 when shares rose for nine straight trading days, rising 14.4% (+$4.20). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 18.2% (-$7.80).

MercadoLibre, Inc. (NASDAQ:MELI) is among the top price gainers in the sector. Its shares are trading at $68.27, up 89 cents (+1.3%) from the previous close of $67.38. Mercadolibre, Inc. is an online commerce platform in Latin America, called MercadoLibre.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $13.45 (-16.4%) from $82.22 to $68.77. The stock price saw one of its best stretches over the last year between March 18, 2011 and April 5, 2011 when shares rose for 13 straight trading days, rising 31.9% (+$20.67). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 26.6% (-$21.15).

Cypress Semiconductor Corporation (NASDAQ:CY) is among the sector price gainers, as its shares are trading at $16.04, up 20 cents (+1.2%) from the previous close of $15.84. Cypress Semiconductor Corporation designs, develops, manufactures and markets high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and system value.

Stock Price Performance: From June 7, 2011, to August 31, 2011, the stock price had fallen $6.62 (-29.5%) from $22.46 to $15.84. The stock price saw one of its best stretches over the last year between January 3, 2011 and January 14, 2011 when shares rose for 10 straight trading days, rising 17.6% (+$3.18). It saw one of its worst periods between March 3, 2011 and March 10, 2011 when shares fell for six straight trading days, falling 11.5% (-$2.44).