Technical Briefing on Skyworks Solutions, RF Micro Devices, ReneSola, and
LONDON, March 27, 2013
LONDON, March 27, 2013 /PRNewswire/ --
2012 was a challenging year for the semiconductor industry as a slowdown in
the global economy hurt technology spending from businesses. While economic
environment has improved since the start of this year, semiconductor companies
such as Skyworks Solutions Inc. (NASDAQ: SWKS), RF Micro Devices Inc. (NASDAQ:
RFMD), ReneSola Ltd. (NYSE: SOL) and QLogic Corporation (NASDAQ: QLGC) face
significant challenges. StockCall has posted free technical research reports
on SWKS, RFMD, SOL, and QLGC and these can be accessed by signing up at
Shares of Skyworks Solutions Inc. rose sharply in trading on Tuesday as the
broad market rallied. The stock ended the day 1.55% higher at $21.60 after
touching an intra-day high of $21.76. Year-to-date, Skyworks shares have now
gained more than 6.70%, compared to a gain of more than 9.60% for the S&P 500.
The company's shares are trading 31.30% below their 52-week high of $31.44.
The stock is also trading below its 50-day and 200-day moving averages, which
is a bearish signal. The stock currently faces stiff resistance at around $22.
Download the free report on SWKS upon registration at
Shares of RF Micro Devices Inc. saw a huge rally in trading on Tuesday. The
stock closed 6.92% higher at $5.25 after touching an intra-day high of $5.40.
The company's shares are now trading close to their 52-week high of $5.43. The
stock has had an excellent run over the past one month, gaining more than 19%.
Year-to-date it has gained more than 17%, outperforming the broad market. RF
Micro Devices shares broke through $5.20 resistance level yesterday, which is
a bullish signal. The upbeat trend is further confirmed by the stock's MACD
chart. RFMD technical report can be accessed for free by signing up at
Shares of China-based ReneSola Ltd. edged higher on Tuesday; however, the
gains were limited. The stock closed 0.66% higher $1.53 after touching an
intra-day high of $1.54. ReneSola's shares are still down more than 12% in the
last three trading sessions. The stock has fallen more than 34% in the last
one month. The company's shares have seen a series of lows over the past two
weeks, which is a bearish signal. The stock is now trading close to $1.50
support level. Shares of SOL have pared all of their gains for the year as a
result of the sharp decline in the last one month. Free report on SOL can be
accessed by registering at
QLogic Corporation shares edged higher yesterday, reversing some of the losses
from previous trading sessions. The stock ended the day 0.69% higher at $11.74
after touching an intra-day high of $11.89. Despite the gains on Tuesday, the
company's shares are still down more than 2% in the last three sessions.
Year-to-date, however, the stock is still up more than 20%, easily
outperforming the S&P 500. QLogic's shares have seen a pullback after the
stock failed to break through $12.25 resistance level. The stock is still
trading above its 50-day and 200-day moving averages. It currently has support
at around $11.50. Register with StockCall and download the research on QLGC
for free at
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