5 Stocks in the Technology Sector That Are Selling Off This Afternoon

Through most of the trading day on Friday, September 9, 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.

Hewlett Packard Co. (NYSE:HPQ) is one of the sector losers in price. Its shares are trading at $22.83, down $1.03 (-4.3%) from the previous close of $23.87. Hewlett-Packard Company provides products, technologies, software and services to individual consumers, businesses and large enterprises, including customers in the government.

Stock Price Performance: From July 13, 2011, to September 8, 2011, the stock price had fallen $11.57 (-32.6%) from $35.44 to $23.87. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 7, 2011 when shares rose for seven straight trading days, rising 5.8% (+$2.61). It saw one of its worst periods between May 10, 2011 and May 23, 2011 when shares fell for 10 straight trading days, falling 13.9% (-$5.74).

Xerox Corporation (NYSE:XRX) is among the price losers in the sector as its stock price is $7.48, down 35 cents (-4.6%) from the previous close of $7.84. Xerox Corporation, in the global document market, develops, manufactures, markets, services and finances document equipment, software, solutions and services.

Stock Price Performance: From July 12, 2011, to September 7, 2011, the stock price had fallen $2.17 (-21.3%) from $10.20 to $8.03. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven straight trading days, rising 4.5% (+43 cents). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 14.4% (-$1.48).

Jabil Circuit Inc. (NYSE:JBL) is among the price losers in the sector. Its shares are trading at $15.75, which is 66 cents (-4.1%) below the previous close of $16.43. Jabil Circuit Inc. is an independent provider of electronic manufacturing services and solutions. It is engaged in the design, production of electronics, and it offers product management and aftermarket services to companies in a wide range of industries, such as the aerospace, defense, medical and telecommunications sectors. .

Stock Price Performance: From July 13, 2011, to September 8, 2011, the stock price had fallen $3.68 (-18.3%) from $20.11 to $16.43. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven straight trading days, rising 8.7% (+$1.66). It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven straight trading days, falling 6.7% (-$1.37).

MercadoLibre, Inc. (NASDAQ:MELI) stocks are trading at $66.24. This is $3.33 (-4.6%) below the previous close of $69.43, making the company one of the biggest price losers in the sector today. Mercadolibre, Inc. is an online commerce platform in Latin America, called MercadoLibre.

Stock Price Performance: From July 12, 2011, to September 7, 2011, the stock price had fallen $9.38 (-11.9%) from $78.52 to $69.14. The stock price saw one of its best stretches over the last year between March 18, 2011 and April 5, 2011 when shares rose for 13 straight trading days, rising 31.9% (+$20.67). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 26.6% (-$21.15).

Shares of InterDigital, Inc. (NASDAQ:IDCC) are trading at $64.60, down $2.35 (-3.8%) from the previous close of $67.13. InterDigital, Inc. designs and develops advanced digital wireless technology solutions.

Stock Price Performance: From June 13, 2011, to September 7, 2011, the stock price had risen $34.68 (97.9%) from $35.43 to $70.11. 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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