5 Stocks on the Rise in the Technology Sector: ALTR, ROK, XLNX, MCHP, IDCC

Through early trading, these stocks are 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.

Altera Corporation (NASDAQ:ALTR) is among the sector price gainers, as its shares are trading at $31.37, up 50 cents (+1.6%) from the previous close of $30.87. Altera designs and manufactures programmable logic devices, HardCopy ASIC devices, pre-defined design building blocks, cores, and associated development tools.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $16.48 (-34.3%) from $48.01 to $31.53. 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 September 15, 2011 and September 22, 2011 when shares fell for six straight trading days, falling 8.9% (-$3.43).

Rockwell Automation, Inc. (NYSE:ROK) is among the top price gainers in the sector. Its shares are trading at $55.72, up $1.34 (+2.1%) from the previous close of $54.55. Rockwell Automation provides industrial automation power, control and information solutions to customers in the manufacturing sector.

Stock Price Performance: From July 7, 2011, to September 30, 2011, the stock price had fallen $32.68 (-36.9%) from $88.68 to $56. 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 trading days, rising 8% (+$6.50). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 19.3% (-$16.03).

Xilinx, Inc. (NASDAQ:XLNX) is among the sector price gainers, as its shares are trading at $27.55, up 49 cents (+1.8%) from the previous close of $27.06. Xilinx designs, develops and markets programmable platforms and predefined system functions delivered as intellectual property cores.

Stock Price Performance: From July 8, 2011, to October 3, 2011, the stock price had fallen $8.95 (-24.9%) from $36.01 to $27.06. The stock price saw one of its best stretches over the last year between October 26, 2010 and November 4, 2010 when shares rose for eight straight trading days, rising 10.1% (+$2.49). It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight trading days, falling 10.3% (-$3.80).

Microchip Technology Incorporated (NASDAQ:MCHP) is among the top price gainers in the sector. Its shares are trading at $30.94, up 29 cents (+1.7%) from the previous close of $30.43. Microchip Technology develops and makes specialized semiconductor products used in a variety of embedded control applications.

Stock Price Performance: From July 8, 2011, to October 3, 2011, the stock price had fallen $7.03 (-18.8%) from $37.46 to $30.43. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, rising 10.3% (+$3.77). It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six straight trading days, falling 16.6% (-$6.31).

InterDigital, Inc. (NASDAQ:IDCC) is among the sector price gainers, as its shares are trading at $45.22, up 52 cents (+1.7%) from the previous close of $44.45. InterDigital designs and develops advanced digital wireless technology solutions.

Stock Price Performance: From September 1, 2011, to September 30, 2011, the stock price had dropped $22.73 (-32.8%) from $69.31 to $46.58. 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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