Canon and 4 Technology Stocks Selling Off Mid-Day: CAJ, ROK, HRS, NATI, IDCC

Through most of the trading day on Friday, October 7, 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.

Canon, Inc. (NYSE:CAJ) is among the price losers in the sector as its stock price is $45.12, down $1.31 (-2.8%) from the previous close of $46.44. Canon manufacturers digital products such as plain paper copying machines, laser beam printers, inkjet printers, and cameras.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $1.93 (-4.1%) from $47.25 to $45.32. The stock price saw one of its best stretches over the last year between July 19, 2011 and July 26, 2011 when shares rose for six straight trading days, rising 6.2% (+$2.90). It saw one of its worst periods between May 10, 2011 and May 24, 2011 when shares fell for 11 straight trading days, falling 6% (-$2.82).

Shares of Rockwell Automation, Inc. (NYSE:ROK) are trading at $59.12, down $1.56 (-2.9%) from the previous close of $60.90. Rockwell Automation provides industrial automation power, control and information solutions to customers in the manufacturing sector.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $23.61 (-28.4%) from $83.09 to $59.48. 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).

Harris Corporation (NYSE:HRS) is among the price losers in the sector. Its shares are trading at $34.37, which is $1.60 (-4.5%) below the previous close of $35.99. Harris Corporation is an international communications and information technology company serving commercial markets and government.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $7.79 (-18.2%) from $42.71 to $34.92. 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).

National Instruments Corporation (NASDAQ:NATI) is one of the sector losers in price. Its shares are trading at $23.32, down 60 cents (-2.7%) from the previous close of $23.97. National Instruments is a supplier of measurement and automation products that engineers and scientists use in a range of industries.

Stock Price Performance: From July 13, 2011, to October 6, 2011, the stock price had fallen $5.58 (-18.9%) from $29.55 to $23.97. 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) stocks are trading at $46.95. This is $1.68 (-3.5%) below the previous close of $48.65, making the company one of the biggest price losers in the sector today. InterDigital designs and develops advanced digital wireless technology solutions.

Stock Price Performance: From August 10, 2011, to October 6, 2011, the stock price had fallen $20.93 (-30.1%) from $69.58 to $48.65. 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% (+$4.19). 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% (-$7.78).

 

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