Technology Stock Decliners August 30th

At the close of trading on Tuesday, August 30, 2011, these stocks brought 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) was among the price losers in the sector. Its shares closed at $15.63, which is 9 cents (-0.7%) below 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) was one of the sector losers in price. Its shares closed at $46.46, down 42 cents (-0.9%) from 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).

Microchip Technology Incorporated (NASDAQ:MCHP) was among the price losers in the sector as its stock price closed at $32.84, down 54 cents (-1.6%) from the previous close of $33.38. Microchip Technology Inc. develops and makes specialized semiconductor products used in a variety of embedded control applications.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $4.56 (-12%) from $37.94 to $33.38. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, rising 10.3% (+$3.77). It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six straight trading days, falling 16.6% (-$6.31).

National Instruments Corporation (NASDAQ:NATI) was among the price losers in the sector. Its shares closed at $25.25, which is 93 cents (-3.6%) 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).

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) closed at $16.17, down 33 cents (-2%) from the previous close of $16.50. 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 3, 2011, to August 29, 2011, the stock price had fallen $5.59 (-25.3%) from $22.09 to $16.50. 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).