Technology Stocks Traders are Buying This Afternoon

Through most of the trading day, 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.

Cisco Systems, Inc. (NASDAQ:CSCO) is among the sector price gainers, as its shares are trading at $16.27, up 39 cents (+2.5%) from the previous close of $15.88. Cisco Systems, Inc. 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 September 6, 2011, the stock price had risen $1.34 (9.6%) from $13.94 to $15.28. 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).

Avago Technologies Limited (NASDAQ:AVGO) is among the top price gainers in the sector. Its shares are trading at $33.13, up 43 cents (+1.3%) from the previous close of $32.70. Avago Technologies Limited is a designer, developer and global supplier of a broad range of analog semiconductor devices with a focus on III-V based products.

Stock Price Performance: From August 9, 2011, to September 7, 2011, the stock price had risen $3.07 (10.4%) from $29.63 to $32.70. The stock price saw one of its best stretches over the last year between September 22, 2010 and October 1, 2010 when shares rose for eight straight trading days, rising 9% (+$1.85). It saw one of its worst periods between July 6, 2011 and July 14, 2011 when shares fell for seven straight trading days, falling 10% (-$3.90).

Garmin Ltd. (NASDAQ:GRMN) is among the sector price gainers, as its shares are trading at $33.60, up 64 cents (+1.9%) from the previous close of $32.96. Garmin Ltd. and its subsidiaries manufacture, market, and distribute Global Positioning System-enabled products and other related products.

Stock Price Performance: From August 9, 2011, to September 7, 2011, the stock price had risen 97 cents (3%) from $31.99 to $32.96. The stock price saw one of its best stretches over the last year between April 19, 2011 and April 27, 2011 when shares rose for six straight trading days, rising 3.3% (+$1.07). It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight trading days, falling 4.9% (-$1.66).

Molex Incorporated (NASDAQ:MOLX) is among the top price gainers in the sector. Its shares are trading at $21.41, up 29 cents (+1.4%) from the previous close of $21.12. Molex Inc. manufactures electronic components, including switches, integrated products and electrical and fiber optic interconnection products and systems.

Stock Price Performance: From July 11, 2011, to September 6, 2011, the stock price had fallen $5.37 (-21.1%) from $25.43 to $20.06. 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).

Quality Systems, Inc. (NASDAQ:QSII) is among the sector price gainers, as its shares are trading at $94.00, up $1.21 (+1.3%) from the previous close of $92.79. Quality Systems, Inc. develops and markets healthcare information systems that automate certain aspects of medical and dental practices, networks of practices, ambulatory care centers, community health centers and medical and dental schools.

Stock Price Performance: From June 13, 2011, to September 7, 2011, the stock price had risen $15.41 (19.9%) from $77.38 to $92.79. The stock price saw one of its best stretches over the last year between March 16, 2011 and April 5, 2011 when shares rose for 15 straight trading days, rising 11.7% (+$9.22). It saw one of its worst periods between July 8, 2011 and July 18, 2011 when shares fell for seven straight trading days, falling 6.5% (-$5.93).

 

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