Pre-Market Analysis: ReneSola Ltd, Microchip Technology Inc., QLogic Corp.,
and Cavium Inc.
Editor Note: For more information about this release, please scroll to bottom
LONDON, September 20, 2013
LONDON, September 20, 2013 /PRNewswire/ --
On Thursday September 19, 2013, the U.S. equity market ended on a mixed note.
The NASDAQ Composite gained 0.15%, while the S&P 500 and the Dow Jones
Industrial Average fell by 0.18% and 0.26%, respectively. Shares in the
technology-semiconductor sector mostly ended higher, even as the broader
market fluctuated between gains and losses. The major movers in the sector
included ReneSola Ltd. (NYSE: SOL), Microchip Technology Inc. (NASDAQ: MCHP),
QLogic Corporation (NASDAQ: QLGC), and Cavium Inc. (NASDAQ: CAVM). All these
companies are tracked by AAAResearchReports.com. Free technical research on
SOL, MCHP, QLGC, and CAVM can be downloaded upon signing up at:
On Thursday, shares in ReneSola Ltd gained 0.23%, reversing some of the losses
from the previous trading session. The company's shares traded between $4.30
and $4.41 before finishing the day at $4.32. A total of 2.71 million shares
were traded, which is below the daily average volume of 3.14 million. The
company's shares have surged 12.21% in the last one month and 101.87% in the
previous three months, outperforming the S&P 500 which has gained 4.63% and
5.73% during the respective periods. Furthermore, ReneSola Ltd's stock is
trading above its 50-day and 200-day moving averages of $4.25 and $2.51,
respectively. Sign up and read the complimentary report on SOL at:
Microchip Technology Inc.'s stock rose marginally on Thursday, even as the
broader market ended on a mixed note. The company's shares fluctuated between
$40.24 and $40.58 before ending the day 0.05% higher at $40.45. A total of
1.01 million shares were traded, which is below the daily average volume of
1.61 million. The company's shares have advanced 3.93% in the last one month
and 8.13% in the previous three months, compared to a gain of 4.63% and 5.73%
in the S&P 500 during the respective periods. Moreover, Microchip Technology
Inc.'s stock is trading near its 52-week high of $41.78 as well as above its
50-day and 200-day moving averages of $39.70 and $36.48, respectively. The
free report on MCHP can be downloaded by signing up now at:
Shares in QLogic Corp. edged lower on Thursday, reversing all gains from the
previous trading session. The company's shares ended the day 0.83% lower at
$11.39 after fluctuating between $11.36 and $11.53. A total of 0.82 million
shares were traded, which is below the daily average volume of 1.13 million.
Despite Thursday's losses, QLogic Corp.'s shares have gained 16.58% in the
previous three months, outperforming the S&P 500 which has advanced 5.73%
during the same period. Additionally, the company's stock is trading above its
50-day and 200-day moving averages of $11.06 and $10.65, respectively. A free
report on QLGC can be accessed by registering at:
Cavium Inc.'s stock edged higher on Thursday, reversing some of the losses
from the previous trading session. The company's shares closed the day at
$40.50, up 0.55% from the previous day's price of $40.28. The company's shares
fluctuated between $39.97 and $40.67 during the trading session. A total of
0.39 million shares were traded, which is below the daily average volume of
0.51 million. The company's shares have surged 12.91% in the last one month
and 14.70% in the previous three months, compared to a gain of 4.63% and 5.73%
in the S&P 500 during the respective periods. Furthermore, Cavium Inc.'s stock
is trading near its 52-week high of $40.75 as well as above its 50-day and
200-day moving averages of $37.44 and $35.03, respectively. Register with AAA
Research Reports and download research on CAVM for free at:
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