Morning Research on Suntech Power, TE Connectivity, Power-One, Plug Power, and
LONDON, April 22, 2013
LONDON, April 22, 2013 /PRNewswire/ --
The technology sector struggled last week as some weak earnings results from
major tech companies weighed down sentiment. Although this sector managed to
finish higher on Friday, gains were limited. The tech sector closed 0.30%
higher even as the S&P 500 posted gains of nearly 0.90%. Among the major
movers within this sector on Friday were Suntech Power Holdings Co. Ltd.
(NYSE: STP), TE Connectivity Ltd. (NYSE: TEL), Power One Inc. (NASDAQ: PWER),
Plug Power Inc. (NASDAQ: PLUG), and Amphenol Corporation (NYSE: APH).
StockCall has posted free technical research reports on STP, TEL, PWER, PLUG,
and APH and these can be accessed by signing up at
Shares of China-based Suntech Power Holdings Co. Ltd. edged lower on Friday;
however, the losses were limited. The stock traded between $0.60 and $0.66
before finishing the day 0.46% lower at $0.650 on volume of 2.96 million.
Shares of STP fell more than 13.20% last week. The stock is now down more than
57.50% so far in 2013. Suntech Power's shares are now trading well below their
50-day and 200-day moving averages, which is a bearish signal. The stock's
MACD is currently below the zero-line, which further confirms the negative
trend. Download the free report on STP upon registration at
Shares of TE Connectivity Ltd. edged higher on Friday, tracking gains in the
broad market. The stock touched an intra-day low of $39.44 before paring some
of the gains to finish the day 0.69% higher at $39.38 on volume of 1.42
million. Despite the gains in the prior week's last session, TE Connectivity's
shares fell more than 5.30% last week as the broad market struggled. However,
the stock is still up more than 6.60% so far in the year. Shares of TEL saw a
pullback last week after struggling to break through the $42 resistance level.
The stock also slipped below its 50-day moving average last week. TEL
technical report can be accessed for free by signing up at
Power One Inc.'s shares struggled in Friday's trading session. The stock fell
to an intra-day low of $4 before finishing the day 0.98% lower at $4.04 on
volume of 1.04 million. Shares of PWER have fallen nearly 1.50% in the last
three sessions. The stock is also trading below its 50-day moving average,
which is a bearish signal. The downbeat trend is further confirmed by the
stock's MACD chart. Year-to-date, Power One's shares have fallen 1.70%,
compared to a gain of more than 9% for the S&P 500. The free report on PWER
can be downloaded by signing up now at
Plug Power Inc.'s shares rose sharply on Friday, reversing some of the losses
from previous trading sessions. The stock touched an intra-day high of $0.16
before finishing the day 1.15% higher at $0.159 on volume of 1.25 million.
Despite the gains in last week's final trading session, the company's shares
fell more than 9.20% last week. Year-to-date, the stock has fallen more than
68.20%. Shares of PLUG are trading more than 88% below their 52-week high.
Free report on PLUG can be accessed by registering at
Shares of Amphenol Corporation gained on Friday. The stock closed 0.76% higher
at $72.78 on above average volume of 713,928 after touching an intra-day high
of $72.80. Amphenol's shares have had an excellent run so far in 2013 so far,
gaining more than 12.60%. The stock is currently trading close to its 52-week
high of $74.92. Shares of APH are currently trading above their 50-day and
200-day moving averages. Register with StockCall and download the research on
APH for free at
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