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Monday, July 11, 2011

Top Losers in Technology Sector (LPSN) (CCIX) (GTLS) (PANL) (CEVA)

LivePerson, Inc. (NCM: LPSN): fell by 7.86% or $-1.13/share to $13.25. In the past year, the shares have traded as low as $6.03 and as high as $13.50. On average, 790650 shares of LPSN exchange hands on a given day and today's volume is recorded at 666223. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $11.97 area where the stock will likely see buying pressure.

Coleman Cable, Inc. (NGM: CCIX): fell by 7.71% or $-1.29/share to $15.44. In the past year, the shares have traded as low as $4.48 and as high as $13.98. On average, 92434 shares of CCIX exchange hands on a given day and today's volume is recorded at 449719. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $10.73 area where the stock will likely see buying pressure.

Chart Industries, Inc. (NASDAQ: GTLS): fell by 7.11% or $-4.22/share to $55.10. In the past year, the shares have traded as low as $13.85 and as high as $55.76. On average, 444277 shares of GTLS exchange hands on a given day and today's volume is recorded at 372842. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $47.33 area where the stock will likely see buying pressure.

Universal Display Corp. (NGM: PANL): fell by 7.29% or $-2.65/share to $33.70. In the past year, the shares have traded as low as $15.39 and as high as $63.58. On average, 1113200 shares of PANL exchange hands on a given day and today's volume is recorded at 525598. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $39.78 area where the stock may encounter resistance.

CEVA, Inc. (NASDAQ: CEVA): fell by 6.93% or $-2.21/share to $29.69. In the past year, the shares have traded as low as $10.88 and as high as $34.34. On average, 202852 shares of CEVA exchange hands on a given day and today's volume is recorded at 213656. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $29.98 represents resistance and the 200-day moving average of $25.01 would be an area of support.