Technology Stocks Investors are Buying This Morning as Nasdaq Flattens

Through morning trading on Wednesday, August 24, 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.

Emerson Electric Co. (NYSE:EMR) is among the top price gainers in the sector today. Its shares are trading at $45, up 61 cents (+1.4%) from a previous close of $44.39. 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: During May 27, 2011 to August 23, 2011, the stock price had fallen $9.31 (-17.3%) from $53.70 to $44.39. 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 days, rising 8.5% (+$4.54) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 5.6% (-$3.26) over that span.

Eaton Corporation (NYSE:ETN) is among the sector price gainers today, as its shares are trading at $39.96, up 63 cents (+1.6%) from a previous close of $39.33. Eaton Corporation is a power management company offering services in the sectors of electricity, hydraulics, aerospace, truck and automotive.

Stock Price Performance: During May 27, 2011 to August 23, 2011, the stock price had fallen $11.67 (-22.9%) from $51 to $39.33. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 9.3% (+$4.43) over that span. It saw one of its worst periods between April 1, 2011 and April 13, 2011 when shares fell for nine-straight days, falling 6.5% (-$3.56) over that span.

Rockwell Automation, Inc. (NYSE:ROK) is among the top price gainers in the sector today. Its shares are trading at $58.22, up 91 cents (+1.6%) from a previous close of $57.31. Rockwell Automation Inc. provides industrial automation power, control and information solutions to customers in the manufacturing sector.

Stock Price Performance: During May 26, 2011 to August 22, 2011, the stock price had fallen $28.82 (-34.9%) from $82.53 to $53.71. The stock price saw one of its best stretches over the last year between February 4, 2011 and February 14, 2011 when shares rose for seven-straight days, rising 8% (+$6.50) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 19.3% (-$16.03) over that span.

Shares of Avago Technologies Limited (NASDAQ:AVGO) are trading at $32.22, up $2.96 (+10.1%) from a previous close of $29.26. Avago Technologies Limited is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products.

Stock Price Performance: During July 26, 2011 to August 23, 2011, the stock price had dropped $7.40 (-20.2%) from $36.66 to $29.26. The stock price saw one of its best stretches over the last year between September 22, 2010 and October 1, 2010 when shares rose for eight-straight days, rising 9% (+$1.85) over that span. It saw one of its worst periods between July 6, 2011 and July 14, 2011 when shares fell for seven-straight days, falling 10% (-$3.90) over that span.

Quality Systems, Inc. (NASDAQ:QSII) is among the sector price gainers today, as its shares are trading at $83.57, up $1.40 (+1.7%) from a previous close of $82.17. Quality Systems, Inc. develops and markets healthcare information systems that automate certain aspects of medical and dental practices, networks of practices, ambulatory care centers, community health centers and medical and dental schools.

Stock Price Performance: During July 26, 2011 to August 23, 2011, the stock price had dropped $7.08 (-7.9%) from $89.25 to $82.17. The stock price saw one of its best stretches over the last year between March 16, 2011 and April 5, 2011 when shares rose for 15-straight days, rising 11.7% (+$9.22) over that span. It saw one of its worst periods between July 8, 2011 and July 18, 2011 when shares fell for seven-straight days, falling 6.5% (-$5.93) over that span.

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