Oracle, HP and 3 Technology Stocks Rallying Strongly: ORCL, HPQ, XRX, CSC, MOLX

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 Oracle Corporation (NASDAQ:ORCL) are trading at $30.18, up 73 cents (+2.5%) from the previous close of $29.45. Oracle develops, manufactures, markets, distributes, and services software designed to help its customers manage and grow their businesses.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen $2.86 (-8.7%) from $32.99 to $30.13. The stock price saw one of its best stretches over the last year between April 18, 2011 and May 2, 2011 when shares rose for 10 straight trading days, rising 8.2% (+$2.74). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 9.2% (-$3.00).

Hewlett Packard Co. (NYSE:HPQ) is one of the top price gainers. Its stock price is $23.84, which is 65 cents (+2.8%) above the previous close of $23.19. 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 1, 2011, to September 27, 2011, the stock price had fallen $13.26 (-36%) from $36.85 to $23.59. 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).

Shares of Xerox Corporation (NYSE:XRX) are trading at $7.43, up 13 cents (+1.7%) from the previous close of $7.31. Xerox engages in the development, manufacturing, marketing, services and finance of document equipment, software, solutions and services worldwide.

Stock Price Performance: From July 5, 2011, to September 28, 2011, the stock price had fallen $3.20 (-30.4%) from $10.51 to $7.31. The stock price saw one of its best stretches over the last year between June 15, 2011 and June 23, 2011 when shares rose for seven straight trading days, rising 4.5% (+43 cents). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 14.4% (-$1.47).

Computer Sciences Corporation (NYSE:CSC) is one of the top price gainers. Its stock price is $27.87, which is 83 cents (+3.1%) above the previous close of $27.04. 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 July 5, 2011, to September 28, 2011, the stock price had fallen $10.80 (-28.5%) from $37.84 to $27.04. 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).

Shares of Molex Incorporated (NASDAQ:MOLX) are trading at $21.43, up 33 cents (+1.6%) from the previous close of $21.10. Molex manufactures electronic components, including switches, integrated products, and electrical and fiber optic interconnection products and systems.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen $4.61 (-17.3%) from $26.63 to $22.02. 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).

 

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