Hewlett-Packard and These 4 Stocks are Tanking the Technology Sector Now

Hewlett-Packard (NYSE:HPQ) is down over 5.5% as investors embark on a new wave of selling. On Friday, Samsung (SSNLF.PK) denied rumors it’s considering an acquisition of HP’s webOS platform. HP’s stock is flirting with a 52-week low at $22.75 and is 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.

Hewlett Packard Co. (NYSE:HPQ) is one of the sector losers in price. Its shares are trading at $22.96, down $1.39 (-5.6%) from the previous close of $24.34. Hewlett-Packard Company provides products, technologies, software and services to individual consumers, businesses and large enterprises, including customers in the government.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $12.09 (-33.2%) from $36.43 to $24.34. 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% (+$2.61). 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% (-$5.74).

Broadcom Corporation (NASDAQ:BRCM) stocks are trading at $32.57. This is $2.05 (-5.8%) below the previous close of $34.57, making the company one of the biggest price losers in the sector today. Broadcom Corporation manufactures semiconductors for wired and wireless communications.

Stock Price Performance: From August 5, 2011, to September 2, 2011, the stock price had risen 79 cents (2.3%) from $33.78 to $34.57. The stock price saw one of its best stretches over the last year between October 6, 2010 and October 13, 2010 when shares rose for six straight trading days, rising 6.2% (+$2.17). It saw one of its worst periods between February 4, 2011 and February 23, 2011 when shares fell for 13 straight trading days, falling 12.3% (-$5.58).

Shares of Computer Sciences Corporation (NYSE:CSC) are trading at $27.09, down $1.46 (-5.3%) from the previous close of $28.59. Computer Sciences Corporation offers information technology and professional services to commercial and government markets, specializing in the application of complex IT problems.

Stock Price Performance: From June 9, 2011, to September 2, 2011, the stock price had fallen $9.33 (-24.6%) from $37.92 to $28.59. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 8, 2011 when shares rose for eight straight trading days, rising 7.8% (+$4.02). It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight trading days, falling 13.3% (-$5).

Jabil Circuit Inc. (NYSE:JBL) stocks are trading at $15.04. This is $1.33 (-8.1%) below the previous close of $16.37, making the company one of the biggest price losers in the sector today. Jabil Circuit Inc. 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 July 8, 2011, to September 2, 2011, the stock price had fallen $4.88 (-23%) from $21.25 to $16.37. 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).

MercadoLibre, Inc. (NASDAQ:MELI) is among the price losers in the sector. Its shares are trading at $63.73, which is $4.15 (-6%) below the previous close of $67.80. Mercadolibre, Inc. is an online commerce platform in Latin America, called MercadoLibre.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $15.24 (-18.4%) from $83.04 to $67.80. 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% (+$20.67). 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% (-$21.15).

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