Technical Briefing: QLogic, Mercadolibre, Cavium, and Wave Systems

      Technical Briefing: QLogic, Mercadolibre, Cavium, and Wave Systems

PR Newswire

LONDON, July 5, 2013

LONDON, July 5, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

The U.S. equity market edged higher on Wednesday, July 3, 2013, despite
weakness in the early hours. Stocks slipped in the morning trade amid concerns
over the political unrest in Egypt and uncertainty in Portugal. However, all
three benchmark indexes rebounded to finish modestly higher in a shortened
trading session ahead of the Independence Day holiday. The S&P 500 gained
0.08% on Wednesday. The technology sector was among the best performers with
tech heavy NASDAQ Composite Index gaining 0.30%. The major movers in the
technology sector included QLogic Corporation (NASDAQ: QLGC), Mercadolibre
Inc. (NASDAQ: MELI), Cavium Inc. (NASDAQ: CAVM), and Wave Systems Corp.
(NASDAQ: WAVX). All these companies are tracked by AAAResearchReports.com.
Free technical research reports on QLGC, MELI, CAVM, and WAVX can be accessed
by signing up at:

http://www.aaaresearchreports.com/register/ 

Shares in QLogic Corporation rallied on Wednesday, extending their gains for
the week. The company's shares oscillated between $9.81 and $10.52 before
finishing the day 5.99% higher at $10.44. A total of 1.97 million shares were
traded which is above the daily average volume of 1.69 million. The company's
shares have gained 9.21% in the last three trading sessions. The recent gains
have pushed the stock above its 50-day and 200-day moving averages. However,
QLogic's shares are still down 6.62% in the last three months. Download free
report on QLGC upon registration at:

http://www.AAAResearchReports.com/QLGC070513.pdf

Mercadolibre Inc.'s stock ended slightly higher on Wednesday, reversing some
of their losses for the week. The company's shares ended the day 0.30% higher
at $107.19 after fluctuating between $104.30 and $108.07. A total of 299,774
shares were traded which is below the daily average volume of 485,552. The
company's shares are down 0.53% for the week. In the last one month, the stock
has fallen 6.61%. MELI technical report can be accessed for free by signing up
at:

http://www.AAAResearchReports.com/MELI070513.pdf

Shares in Cavium Inc. edged higher on Wednesday, tracking gains in the broader
market. The company's shares ended the day 0.56% higher at $35.62 after
fluctuating between $34.83 and $35.90. A total of 232,629 shares were traded
which is below the daily average volume of 615,645. The company's shares are
down 0.71% for the week. Moreover, Cavium's shares are currently trading above
their 50-day and 200-day moving averages. A free report on CAVM can be
accessed by registering at:

http://www.AAAResearchReports.com/CAVM070513.pdf

Wave Systems Corp.'s stock fell sharply on Wednesday, extending its losses
from previous trading sessions. The company's shares fell 3.85% to finish the
day at $1.00 after oscillating between $0.97 and $1.04. A total of 239,111
shares were traded which is more than its daily average volume of 102,607. The
company's shares are down 19.08% in the last three trading sessions. In the
last three months, the stock has fallen 59.70%. Register with AAA Research
Reports and download research on WAVX for free at:

http://www.AAAResearchReports.com/WAVX070513.pdf



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SOURCE AAA Research Reports

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