Cisco and 4 Technology Stocks Investors are Buying Now: CSCO, CAJ, STX, MOLX, MELI

Through early trading on Thursday, October 6, 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.

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) are trading at $16.50, up 34 cents (+2.1%) from the previous close of $16.16. Cisco Systems is a multinational corporation engaged in the design, manufacturing, and sales of Internet Protocol-based consumer electronics, networking, and other services related to communications and information technology.

Stock Price Performance: From August 8, 2011, to October 4, 2011, the stock price had risen $1.70 (12.2%) from $13.88 to $15.58. The stock price saw one of its best stretches over the last year between October 29, 2010 and November 8, 2010 when shares rose for seven straight trading days, rising 6.7% (+$1.52). It saw one of its worst periods between April 6, 2011 and April 19, 2011 when shares fell for 10 straight trading days, falling 8.1% (-$1.45).

Canon, Inc. (NYSE:CAJ) is one of the top price gainers. Its stock price is $46.17, which is 85 cents (+1.9%) above the previous close of $45.32. 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 Seagate Technology (NASDAQ:STX) are trading at $10.52, up 36 cents (+3.6%) from the previous close of $10.16. 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 11, 2011, to October 4, 2011, the stock price had fallen $6.83 (-41.4%) from $16.48 to $9.65. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 25.3% (-$3.69). 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).

Molex Incorporated (NASDAQ:MOLX) is one of the top price gainers. Its stock price is $21.15, which is 41 cents (+2%) above the previous close of $20.74. Molex manufactures electronic components, including switches, integrated products, and electrical and fiber optic interconnection products and systems.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $5.17 (-20.5%) from $25.20 to $20.03. 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 11.5% (+$2.73). 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% (-$6.37).

Shares of MercadoLibre, Inc. (NASDAQ:MELI) are trading at $56.59, up $1.36 (+2.5%) from the previous close of $55.23. Mercadolibre is an online commerce platform.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $27.24 (-33.9%) from $80.37 to $53.13. The stock price saw one of its best stretches over the last year between March 18, 2011 and April 5, 2011 when shares rose for 13 straight trading days, rising 31.9% (+$20.65). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, falling 26.6% (-$21.12).

 

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