5 Technology Stocks Traders Are Selling as the Nasdaq Rallies 1%: MSFT, IBM, APH, AME, MOLX

Through most of the trading day on Friday, September 23, 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.

Microsoft Corporation (NASDAQ:MSFT) is one of the sector losers in price. Its shares are trading at $24.87, down 16 cents (-0.8%) from the previous close of $25.06. Microsoft develops, licenses and supports a range of software products and services for a variety of computing devices.

Stock Price Performance: From July 27, 2011, to September 22, 2011, the stock price had fallen $2.10 (-7.7%) from $27.16 to $25.06. The stock price saw one of its best stretches over the last year between October 4, 2010 and October 13, 2010 when shares rose for eight straight trading days, rising 6% (+$1.40). It saw one of its worst periods between April 7, 2011 and April 18, 2011 when shares fell for eight straight trading days, falling 4.3% (-$1.11).

International Business Machines Corporation (NYSE:IBM) is among the price losers in the sector as its stock price is $167.50, down $1.10 (-0.7%) from the previous close of $168.62. International Business Machines Corp. creates integrated solutions that leverage information technology and a deep knowledge of business processes for clients.

Stock Price Performance: From July 27, 2011, to September 22, 2011, the stock price had fallen $11.94 (-6.6%) from $180.56 to $168.62. The stock price saw one of its best stretches over the last year between October 4, 2010 and October 14, 2010 when shares rose for nine straight trading days, rising 4.6% (+$6.15). It saw one of its worst periods between August 29, 2011 and September 6, 2011 when shares fell for six straight trading days, falling 4.4% (-$7.51).

Amphenol Corporation (NYSE:APH) is among the price losers in the sector. Its shares are trading at $41.67, which is 42 cents (-0.9%) below the previous close of $42.03. Amphenol designs and makes electronic and fiber optic connectors, interconnect systems, and coaxial and flat-ribbon cable.

Stock Price Performance: From June 28, 2011, to September 22, 2011, the stock price had fallen $9.63 (-18.6%) from $51.66 to $42.03. 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).

Ametek Inc. (NYSE:AME) stocks are trading at $33.10. This is 41 cents (-1.2%) below the previous close of $33.52, making the company one of the biggest price losers in the sector today. AMETEK is a global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia, and South America.

Stock Price Performance: From July 26, 2011, to September 21, 2011, the stock price had fallen $9.24 (-20.5%) from $45.08 to $35.84. The stock price saw one of its best stretches over the last year between October 27, 2010 and November 5, 2010 when shares rose for eight straight trading days, rising 7.1% (+$2.50). It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six straight trading days, falling 9.9% (-$4.48).

Shares of Molex Incorporated (NASDAQ:MOLX) are trading at $20.41, down 8 cents (-0.5%) from the previous close of $20.52. Molex Inc. manufactures electronic components, including switches, integrated products and electrical and fiber optic interconnection products and systems.

Stock Price Performance: From June 28, 2011, to September 22, 2011, the stock price had fallen $4.43 (-17.8%) from $24.95 to $20.52. 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).