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Qihoo 360 Technology ( QIHU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole was unchanged today. By the end of trading, Qihoo 360 Technology rose $3.84 (4.4%) to $91.57 on average volume. Throughout the day, 4,427,647 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 3,488,000 shares. The stock ranged in a price between $84.28-$91.82 after having opened the day at $87.79 as compared to the previous trading day's close of $87.73. Other companies within the Technology sector that increased today were: Wave Systems Corporation ( WAVX), up 38.6%, China Information Technology ( CNIT), up 18.9%, NQ Mobile ( NQ), up 14.0% and Twitter ( TWTR), up 11.4%.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $10.7 billion and is part of the internet industry. Shares are up 6.9% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Qihoo 360 Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation.

On the negative front, ChinaNet Online Holdings ( CNET), down 16.9%, WPCS International ( WPCS), down 14.5%, eOn Communications Corporation ( EONC), down 13.7% and Ambient Corporation ( AMBT), down 12.0% , were all laggards within the technology sector with ASML ( ASML) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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