Technical Study: SunEdison Inc., ReneSola Ltd, Microchip Technology Inc., and
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LONDON, October 18, 2013
LONDON, October 18, 2013 /PRNewswire/ --
The U.S. equity market ended on a mixed note on Thursday, October 17, 2013.
The S&P 500 ended the day at 1,733.15, up 0.67%; the Dow Jones Industrial
Average closed at 15,371.65, down 0.01%; while the NASDAQ Composite finished
at 3,863.15, up 0.62%. Shares in technology-semiconductor sector mostly ended
higher, even as the broader market fluctuated between gains and losses. The
major movers in the sector included SunEdison Inc. (NYSE: SUNE), ReneSola Ltd
(NYSE: SOL), Microchip Technology Inc. (NASDAQ: MCHP), and Cavium Inc.
(NASDAQ: CAVM). AAAResearchReports.com free coverage on SUNE, SOL, MCHP, and
CAVM is available upon registration at:
SunEdison Inc.'s stock edged higher on Thursday, extending the gains from the
previous trading session. The company's shares closed the day 0.65% higher at
$9.27, after oscillating between $9.08 and $9.52. A total of 5.29 million
shares were traded, which is below the daily average volume of 6.56 million.
The company's shares have surged 27.34% in the last one month, outperforming
the S&P 500, which has gained 1.67% during the same period. Furthermore,
SunEdison Inc.'s stock is trading above its 50-day and 200-day moving averages
of $7.85 and $6.53, respectively. Download free technical research on SUNE by
signing up at:
Shares in ReneSola Ltd ended flat on Thursday, as the broader traded between
gains and losses. The company's shares closed the day at the previous day's
closing price of $5.43, after vacillating between $5.36 and $5.58 during the
trading session. A total of 4.42 million shares were traded, which is below
the daily average volume of 4.54 million. The company's shares have surged
25.12% in the last one month and 57.85% in the previous three months,
outperforming the S&P 500, which has gained 1.67% and 3.11% during the
respective periods. Moreover, ReneSola Ltd's stock is trading above its 50-day
and 200-day moving averages of $4.68 and $2.85, respectively. Register now and
get access to free analysis on SOL at:
On Thursday, shares in Microchip Technology Inc. gained 0.70%, extending the
gains from the previous trading session. The company's shares closed the day
at $40.19, after trading between $39.33 and $40.29. A total of 1.03 million
shares were traded, which is below the daily average volume of 1.55 million.
The company's shares have gained 0.50% in the previous three months, compared
to a gain of 3.11% in the S&P 500 during the same period. Additionally,
Microchip Technology Inc.'s stock is trading above its 50-day and 200-day
moving averages of $39.73 and $37.31, respectively. Sign up and read our
complimentary report on MCHP at:
Cavium Inc.'s stock edged lower on Thursday, extending the losses from the
previous trading session. The company's shares vacillated between $40.00 and
$40.85 before ending the day 0.47% lower at $40.48. A total of 0.66 million
shares were traded, which is above the daily average volume of 0.53 million.
Despite Thursday's losses, the company's shares have gained 9.46% in the
previous three months, outperforming the S&P 500, which has advanced 3.11%
during the same period. Further, Cavium Inc.'s stock is trading above its
50-day and 200-day moving averages of $39.09 and $35.81, respectively. The
free report on CAVM can be downloaded by signing up now at:
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