Today's Technical View on Lam Research, Teradyne, ASML Holding, and Mindspeed Technologies

Today's Technical View on Lam Research, Teradyne, ASML Holding, and Mindspeed

PR Newswire

LONDON, March 26, 2013

LONDON, March 26, 2013 /PRNewswire/ --

While Cyprus reached a late deal to avert a financial crisis, the markets
still were weighed down. The Technology sector saw good activity as Dell Inc.
(NASDAQ: DELL) received rival bids for the buy-out at $15 apiece. However, the
benchmark index NASDAQ closed 0.30 percent lower at 3,235.30 and the markets
are likely to remain subdued this week. Our research team followed technology
sector and tracked the movements of major companies like Lam Research Corp.
(NASDAQ: LRCX), Teradyne Inc. (NYSE: TER), ASML Holding NV (NASDAQ: ASML) and
Mindspeed Technologies Inc. (NASDAQ: MSPD), all of which belong to the
Semiconductor Equipment & Materials industry. StockCall initiated free
in-depth technical analysis on LRCX, TER, ASML, and MSPD which are currently
available upon sign up at

Lam Research Corp. is currently in a bearish mode as the stock ended its
previous trading session at $40.93, up 0.91 percent. The stock traded in the
range of $40.68 and $41.06 during Monday's session. Its first support level is
at $40.86 and upon breaching this level the stock may go down to $38.81 level.
On the upside, Lam Research's stock may touch $41.81 level. The stock has
traded in the range of $31.17 and $45.29 in the past 52 weeks and it declined
by 6.6 percent during the same time period. On a Year-to-Date basis, the stock
is up 14.75 percent. Sign up for the free technical analysis on LRCX at

Teradyne Inc.'s shares traded upward for its Monday's session, ending the day
0.57 percent higher at $15.90. The stock fell to an intra-day low of $15.72,
while its intra-day high stood at $15.99. Despite the upward movement,
Teradyne Inc. has lost more than 3 percent this year, compared to a gain of
10.64 percent for the S&P 500. The company's shares have strong support at
around $15.13, as the stock shows a neutral trend. The stock is trading lower
than its 20-day and 50-day moving averages. Download the free report on TER by
registering at

ASML Holding NV's stock grew mildly in its latest trading session. The stock
closed 0.53 percent higher at $68.68 with 1.24 million share volume yesterday.
With this upward movement, the stock is up more than 8 percent for the year.
In the past 52 weeks, ASML is up 10.7 percent. The stock currently has support
at $67.01 level. The stock's MACD chart shows neutral trend. The company may
face its first resistance level at $70.88. Upon breaching this level, the
stock may go as high as $71.23. The free report on ASML can be downloaded by
signing up now at 

Shares of Mindspeed Technologies Inc. dropped sharply in yesterday's session,
tracking movement in the broad market. The stock closed 6.09 percent lower at
$3.70 on above average volume of 1.06 million on Monday. Mindspeed
Technologies shares have declined more than 16 percent this year,
underperforming the broad market. It has support at $3.63. The company's
shares are trading below their 20-day and 50-day moving average price of $4.29
and $4.56 respectively. The stock's MACD is also trading below the signal line
and the zero-line. Both of these are bearish signals. Mindspeed Technologies
trades at beta of 2.19 and thus is a highly volatile stock. Free report on
MSPD can be accessed by registering at

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