Technology Sector Update 6/14/2011

The Technology Sector is showing strength in today's action, currently trading up 1.4% on the day. The strongest stocks currently in the S&P 500 Technology Sector are: 1) MEMC Electronic Materials WFR: Shares of MEMC Electronic Materials are currently trading up 5% from yesterday's close to $9.10. The stock recently hit a 52-week low of $8.52 on June 10th. The stock has lost 22.9% since the beginning of May. Shares have little resistance until the 50-day simple moving average (one year daily chart), which is currently at $10.88. 2) Western Digital WDC: Shares of Western Digital are a currently trading up $4.4% from yesterday's close to $35.06. The stock recently found support at its 200-day simple moving average ($33.47 on a one year daily chart). The stock has lost 16.2% since hitting a 52-week high of $41.87 on April 21st. 3) JDS Uniphase JDSU: Shares of JDS Uniphase are currently trading up 4% from yesterday's close to $17.26. The stock recently found support at its 200-day simple moving average ($16.66 on a one year daily chart). After that, the next support level comes into play at $14.60. 4) Teradyne TER: Shares of Teradyne are currently trading up 3.3% from yesterday's close to $14.40. The stock is looking to break above its 200-day simple moving average ($14.44 on a one year daily chart) in today's session. Shares have strong support around $13.75 – a level that dates back to January 24th. After that, no support comes into play until $11.68. 5) Salesforce.com CRM: Shares of Salesforce.com are currently trading up 3.2% from yesterday's close to $141.57. The stock has broken above its 50-day simple moving average (one year daily chart) in today's session. Shares have lost 8% since hitting a 52-week high of $153.99 on May 26th.