5 Technology Stocks Traders are Buying Now: HPQ, AMAT, ETN, ROK, JBL

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.

Shares of Hewlett Packard Co. (NYSE:HPQ) are trading at $23.87, up $1.17 (+5.1%) from the previous close of $22.71. Hewlett-Packard provides products, technologies, software and services to individual consumers, businesses and large enterprises, including customers in the government.

Stock Price Performance: From July 28, 2011, to September 23, 2011, the stock price had fallen $13.72 (-38.1%) from $36.04 to $22.32. 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% (+$2.60). 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% (-$5.71).

Applied Materials, Inc. (NASDAQ:AMAT) is one of the top price gainers. Its stock price is $10.81, which is 43 cents (+4.1%) above the previous close of $10.38. Applied Materials is a manufacturer and producer of capital equipments. It provides manufacturing equipment, software, and solutions for the global semiconductor, flat panel liquid crystal displays, solar, and related industries. .

Stock Price Performance: From June 29, 2011, to September 23, 2011, the stock price had fallen $1.99 (-15.8%) from $12.58 to $10.59. The stock price saw one of its best stretches over the last year between October 26, 2010 and November 5, 2010 when shares rose for nine straight trading days, rising 7.4% (+87 cents). It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six straight trading days, falling 11.2% (-$1.31).

Shares of Eaton Corporation (NYSE:ETN) are trading at $37.81, up $1.96 (+5.5%) from the previous close of $35.85. Eaton Corporation is a power management company offering services in the sectors of electricity, hydraulics, aerospace, truck and automotive.

Stock Price Performance: From June 29, 2011, to September 23, 2011, the stock price had fallen $15.05 (-30.2%) from $49.78 to $34.73. 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).

Rockwell Automation, Inc. (NYSE:ROK) is one of the top price gainers. Its stock price is $58.80, which is $3.92 (+7.1%) above the previous close of $54.88. Rockwell Automation provides industrial automation power, control and information solutions to customers in the manufacturing sector.

Stock Price Performance: From June 29, 2011, to September 23, 2011, the stock price had fallen $32.94 (-38.6%) from $85.23 to $52.29. 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).

Shares of Jabil Circuit Inc. (NYSE:JBL) are trading at $17.43, up 70 cents (+4.2%) from the previous close of $16.73. Jabil Circuit 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 June 29, 2011, to September 23, 2011, the stock price had fallen $3.32 (-16.9%) from $19.60 to $16.28. 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).

 

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