Technical Briefing: QLogic, Mercadolibre, Cavium, and Wave Systems
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:
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:
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
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:
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:
1.This is not company news. We are an independent source and our views do
not reflect the companies mentioned.
2.Information in this release is fact checked and produced on a best efforts
basis and reviewed by a CFA. However, we are only human and are prone to
make mistakes. If you notice any errors or omissions, please notify us
3.This information is submitted as a net-positive to companies mentioned, to
increase awareness for mentioned companies to our subscriber base and the
4.If you wish to have your company covered in more detail by our team, or
wish to learn more about our services, please contact us at
5.For any urgent concerns or inquiries, please contact us at
6.Are you a public company? Would you like to see similar coverage on your
company? Send us a full investors' package to
research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider has, through Chartered Financial
Analysts, only reviewed the information provided by Equity News Network in
this article or report according to the Procedures outlined by Equity News
Network. Equity News Network is not entitled to veto or interfere in the
application of such procedures by the outsourced provider to the articles,
documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.
SOURCE AAA Research Reports
Contact: AAAresearchreports.com Phone #: + 1(646)396-9126
Press spacebar to pause and continue. Press esc to stop.