Traders are Buying These Technology Stocks this Morning

Through early trading on Friday, August 26, 2011, these stocks were helping 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.

QUALCOMM Incorporated (NASDAQ:QCOM) is among the sector price gainers, as its shares are trading at $47.82, up 87 cents (+1.9%) from the previous close of $46.95. Qualcomm Incorporated designs and manufactures digital wireless telecommunications products and services based on its CDMA technology and other technologies.

Stock Price Performance: From June 1, 2011, to August 25, 2011, the stock price had fallen $9.94 (-17.5%) from $56.89 to $46.95. 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).

Broadcom Corporation (NASDAQ:BRCM) is among the top price gainers in the sector. Its shares are trading at $33.30, up 61 cents (+1.9%) from the previous close of $32.69. Broadcom Corporation manufactures semiconductors for wired and wireless communications.

Stock Price Performance: From July 28, 2011, to August 25, 2011, the stock price had dropped $4.05 (-11%) from $36.74 to $32.69. The stock price saw one of its best stretches over the last year between August 31, 2010 and September 9, 2010 when shares rose for seven straight trading days, rising 13.3% (+$3.95). It saw one of its worst periods between February 4, 2011 and February 23, 2011 when shares fell for 13 straight trading days, falling 12.3% (-$5.58).

Altera Corporation (NASDAQ:ALTR) is among the sector price gainers, as its shares are trading at $35.91, up 88 cents (+2.5%) from the previous close of $35.03. Altera Corp. designs and manufactures programmable logic devices, HardCopy ASIC devices, pre-defined design building blocks, cores and associated development tools.

Stock Price Performance: From June 1, 2011, to August 25, 2011, the stock price had fallen $11.61 (-24.9%) from $46.64 to $35.03. The stock price saw one of its best stretches over the last year between November 16, 2010 and November 24, 2010 when shares rose for seven straight trading days, rising 11.9% (+$3.80). It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six straight trading days, falling 11.5% (-$5.52).

Solera Holdings, Inc. (NYSE:SLH) is one of the top price gainers. Its stock price is $55.35, which is $1.02 (+1.9%) above the previous close of $54.33. Solera Holdings, Inc. is a global provider of software and services to the automobile insurance claims processing industry.

Stock Price Performance: From August 18, 2011, to August 24, 2011, the stock price had risen $3.38 (6.4%) from $53.17 to $56.55. The stock price saw one of its best stretches over the last year between October 18, 2010 and October 29, 2010 when shares rose for 10 straight trading days, rising 9.6% (+$4.19). It saw one of its worst periods between November 4, 2010 and November 12, 2010 when shares fell for seven straight trading days, falling 3.2% (-$1.63).

InterDigital, Inc. (NASDAQ:IDCC) is among the top price gainers in the sector. Its shares are trading at $68.17, up $2.04 (+3.1%) from the previous close of $66.12. InterDigital, Inc. designs and develops advanced digital wireless technology solutions.

Stock Price Performance: From June 1, 2011, to August 25, 2011, the stock price had risen $25.96 (64.6%) from $40.16 to $66.12. 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).

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