5 Technology Stocks Declining Now

Through most of the trading day 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.

Emerson Electric Co. (NYSE:EMR) is among the price losers in the sector. Its shares are trading at $45.94, which is 88 cents (-2%) 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 KLA-Tencor Corporation (NASDAQ:KLAC) are trading at $36.35, down 46 cents (-1.4%) from the previous close of $36.88. KLA-Tencor Corporation is a company that designs, manufactures and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. Its primary offerings include wafer and integrated circuit (IC) defect monitoring.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $4.16 (-10.1%) from $41.04 to $36.88. The stock price saw one of its best stretches over the last year between February 10, 2011 and February 18, 2011 when shares rose for seven straight trading days, rising 8.6% (+$3.90). It saw one of its worst periods between July 22, 2011 and July 29, 2011 when shares fell for six straight trading days, falling 9.7% (-$4.24).

Seagate Technology (NASDAQ:STX) is among the price losers in the sector as its stock price is $11.52, down 13 cents (-1.3%) from the previous close of $11.67. Seagate Technology PLC is a provider of hard disk drives. It designs, manufactures, markets and sells hard disk drives. It produces a range of disk drive products addressing enterprise applications.

Stock Price Performance: From June 2, 2011, to August 26, 2011, the stock price had fallen $4.97 (-30.9%) from $16.06 to $11.09. The stock price saw one of its best stretches over the last year between April 11, 2011 and April 20, 2011 when shares rose for eight straight trading days, rising 15.7% (+$2.42). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 25.3% (-$3.69).

National Instruments Corporation (NASDAQ:NATI) is among the price losers in the sector. Its shares are trading at $25.16, which is 99 cents (-3.9%) 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) are trading at $16.05, down 41 cents (-2.7%) 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).

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