5 Technology Stocks Being Dumped This Afternoon

Through most of the trading day on Friday, September 2, 2011, these stocks are bringing down the Technology (NYSE:XLK) sector. Technology companies are trading down significantly after a weak U.S. July jobs report and news of a big contract cancelation between Netflix and Starz entertainment. 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) stocks are trading at $24.68. This is $1.03 (-3.9%) below the previous close of $25.67, making the company one of the biggest price losers in the sector today. 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 7, 2011, to September 1, 2011, the stock price had fallen $10.78 (-29.6%) from $36.45 to $25.67. 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).

Shares of Rockwell Automation, Inc. (NYSE:ROK) are trading at $59.56, down $2.97 (-4.5%) from the previous close of $62.39. Rockwell Automation Inc. provides industrial automation power, control and information solutions to customers in the manufacturing sector.

Stock Price Performance: From July 6, 2011, to August 31, 2011, the stock price had fallen $23.39 (-26.7%) from $87.52 to $64.13. 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).

Amphenol Corporation (NYSE:APH) is one of the sector losers in price. Its shares are trading at $43.47, down $2.49 (-5.1%) from the previous close of $45.83. Amphenol Corporation designs and makes electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $9.72 (-17.5%) from $55.55 to $45.83. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six straight trading days, rising 7.9% (+$4.03). It saw one of its worst periods between February 11, 2011 and February 23, 2011 when shares fell for eight straight trading days, falling 3.6% (-$2.08).

Seagate Technology (NASDAQ:STX) is among the price losers in the sector as its stock price is $10.77, down 48 cents (-4.2%) from the previous close of $11.24. 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 July 6, 2011, to August 31, 2011, the stock price had fallen $4.52 (-28.1%) from $16.10 to $11.58. 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).

Molex Incorporated (NASDAQ:MOLX) is among the price losers in the sector. Its shares are trading at $20.48, which is 85 cents (-3.8%) below the previous close of $21.28. Molex Inc. manufactures electronic components, including switches, integrated products and electrical and fiber optic interconnection products and systems.

Stock Price Performance: From July 7, 2011, to September 1, 2011, the stock price had fallen $5.22 (-19.7%) from $26.50 to $21.28. 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 11.4% (+$2.75). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 25.7% (-$6.43).