5 Technology Stocks Traders are Buying: ETN, CBE, STX, HRS, HRC

Through early trading on Tuesday, October 11, 2011, these stocks are helping the Technology (NYSE:XLK) sector today. 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 one of the top price gainers. Its stock price is $40.51, which is 57 cents (+1.4%) above the previous close of $39.94. Eaton is a power management company offering services in the sectors of electricity, hydraulics, aerospace, truck, and automotive.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had fallen $12.04 (-23.8%) from $50.67 to $38.63. 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).

Shares of Cooper Industries, plc. (NYSE:CBE) are trading at $51.07, up $1.03 (+2.1%) from the previous close of $50.04. Cooper Industries is a worldwide manufacturer of electrical products and tools.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $7.68 (-13.3%) from $57.72 to $50.04. The stock price saw one of its best stretches over the last year between January 5, 2011 and January 13, 2011 when shares rose for seven straight trading days, rising 5.1% (+$2.94). It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight trading days, falling 7.4% (-$4.61).

Seagate Technology (NASDAQ:STX) is one of the top price gainers. Its stock price is $11.54, which is 47 cents (+4.2%) above the previous close of $11.08. Seagate Technology is a provider of hard disk drives. It designs, manufactures, markets and sells hard disk drives. The company produces a range of disk drive products addressing enterprise applications.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $5.50 (-33.2%) from $16.58 to $11.08. 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).

Shares of Harris Corporation (NYSE:HRS) are trading at $36.36, up 53 cents (+1.5%) from the previous close of $35.83. Harris Corporation is an international communications and information technology company serving commercial markets and government.

Stock Price Performance: From July 14, 2011, to October 7, 2011, the stock price had fallen $7.52 (-17.9%) from $42.06 to $34.54. The stock price saw one of its best stretches over the last year between January 3, 2011 and January 12, 2011 when shares rose for eight straight trading days, rising 6.4% (+$2.84). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 12.4% (-$5.34).

Hill-Rom Holdings, Inc. (NYSE:HRC) is one of the top price gainers. Its stock price is $32.77, which is 32 cents (+1%) above the previous close of $32.45. Hill-Rom Holdings is a worldwide manufacturer and provider of medical technologies and related services for the health care industry for a variety of acute and chronic medical conditions, medical equipment rentals, and information technology solutions.

Stock Price Performance: From July 15, 2011, to October 10, 2011, the stock price had fallen $12.34 (-27.6%) from $44.79 to $32.45. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 5, 2011 when shares rose for seven straight trading days, rising 4.2% (+$1.57). It saw one of its worst periods between December 21, 2010 and December 31, 2010 when shares fell for eight straight trading days, falling 6.3% (-$2.61).