Technology Stocks Investors are Dumping This Morning

Through the early part of trading on Thursday, August 25, 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.

Canon, Inc. (NYSE:CAJ) stocks are trading at $45.76. This is $1.64 (-3.4%) below the previous close of $47.35, making the company one of the biggest price losers in the sector today. Canon, Inc. is a manufacturer of network digital multifunction devices, plain paper copying machines, laser beam printers, inkjet printers, cameras and steppers.

Stock Price Performance: From August 18, 2011, to August 24, 2011, the stock price had risen $2.19 (4.8%) from $45.16 to $47.35. The stock price saw one of its best stretches over the last year between July 19, 2011 and July 26, 2011 when shares rose for six straight trading days, rising 6.2% (+$2.90). It saw one of its worst periods between May 10, 2011 and May 24, 2011 when shares fell for 11 straight trading days, falling 6% (-$2.82).

Applied Materials, Inc. (NASDAQ:AMAT) is among the price losers in the sector. Its shares are trading at $10.96, which is 42 cents (-3.5%) below the previous close of $11.36. Applied Materials Inc. is a manufacturer and producer of capital equipments. It provides manufacturing equipment, software and solutions for the global semiconductor, flat panel liquid crystal displays, solar and related industries. .

Stock Price Performance: From May 27, 2011, to August 23, 2011, the stock price had fallen $1.99 (-14.8%) from $13.43 to $11.44. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six straight trading days, falling 8.7% (-$1.17). The stock price saw one of its best stretches over the last year between October 26, 2010 and November 5, 2010 when shares rose for nine straight trading days, rising 7.4% (+88 cents).

Solera Holdings, Inc. (NYSE:SLH) is one of the sector losers in price. Its shares are trading at $50.27, down $6.46 (-11.1%) from the previous close of $56.55. 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).

Total System Services, Inc. (NYSE:TSS) stocks are trading at $17.34. This is 47 cents (-2.4%) below the previous close of $17.76, making the company one of the biggest price losers in the sector today. Total System Services Inc. is a payment solutions provider company. It offers electronic payment processing, merchant services and related services to financial and non-financial institutions globally.

Stock Price Performance: From August 18, 2011, to August 24, 2011, the stock price had risen $1.26 (7.6%) from $16.50 to $17.76. The stock price saw one of its best stretches over the last year between October 7, 2010 and October 18, 2010 when shares rose for eight straight trading days, rising 4.6% (+70 cents). It saw one of its worst periods between November 22, 2010 and November 30, 2010 when shares fell for six straight trading days, falling 3.6% (-56 cents).

Cypress Semiconductor Corporation (NASDAQ:CY) is among the price losers in the sector. Its shares are trading at $16.05, which is 94 cents (-4.9%) below the previous close of $16.88. 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 May 27, 2011, to August 23, 2011, the stock price had fallen $6.01 (-25.8%) from $23.26 to $17.25. 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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