5 Technology Stocks Getting Whacked as Markets Rally: ETN, APH, NATI, IDCC, ADTN

Through most of the trading day on Friday, September 16, 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.

Eaton Corporation (NYSE:ETN) is among the price losers in the sector. Its shares are trading at $40.28, which is $1.01 (-2.3%) below the previous close of $41.22. Eaton Corporation is a power management company offering services in the sectors of electricity, hydraulics, aerospace, truck and automotive.

Stock Price Performance: From July 19, 2011, to September 14, 2011, the stock price had fallen $10.88 (-21.3%) from $51.07 to $40.19. 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 9.3% (+$4.43). It saw one of its worst periods between April 1, 2011 and April 13, 2011 when shares fell for nine straight trading days, falling 6.5% (-$3.56).

Amphenol Corporation (NYSE:APH) is one of the sector losers in price. Its shares are trading at $44.35, down 80 cents (-1.7%) from the previous close of $45.12. Amphenol Corporation designs and makes electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable.

Stock Price Performance: From June 21, 2011, to September 15, 2011, the stock price had fallen $5.73 (-11.3%) from $50.85 to $45.12. 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).

National Instruments Corporation (NASDAQ:NATI) is among the price losers in the sector as its stock price is $26.18, down 45 cents (-1.6%) from the previous close of $26.60. 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 September 9, 2011, to September 15, 2011, the stock price had risen $3.05 (13%) from $23.55 to $26.60. 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).

InterDigital, Inc. (NASDAQ:IDCC) is one of the sector losers in price. Its shares are trading at $62.27, down $1.86 (-2.8%) from the previous close of $64.05. InterDigital, Inc. designs and develops advanced digital wireless technology solutions.

Stock Price Performance: From June 21, 2011, to September 15, 2011, the stock price had risen $26.83 (72.1%) from $37.22 to $64.05. 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).

Shares of ADTRAN, Inc. (NASDAQ:ADTN) are trading at $31.47, down 66 cents (-2%) from the previous close of $32.12. Adtran,Inc designs, manufactures, markets and services network access solutions for communications networks.

Stock Price Performance: From June 20, 2011, to September 14, 2011, the stock price had fallen $5.32 (-14.3%) from $37.31 to $31.99. The stock price saw one of its best stretches over the last year between November 29, 2010 and December 10, 2010 when shares rose for 10 straight trading days, rising 11.4% (+$3.52). It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six straight trading days, falling 17.2% (-$7.28).

 

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