Technical Study: SunEdison Inc., InvenSense Inc., Microchip Technology Inc.,
and ReneSola Ltd
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LONDON, November 11, 2013
LONDON, November 11, 2013 /PRNewswire/ --
The U.S. equity market surged on Friday, November 08, 2013. All three
benchmark indexes rose, with the S&P 500, the Dow Jones Industrial Average,
and the NASDAQ Composite rising 1.34%, 1.08% and 1.60% respectively. Shares in
the technology-semiconductor sector mostly finished on a higher note, tracking
gains in the broader market. The major movers in the sector included SunEdison
Inc. (NYSE: SUNE), InvenSense Inc. (NYSE: INVN), Microchip Technology Inc.
(NASDAQ: MCHP), and ReneSola Ltd (NYSE: SOL). AAAResearchReports.com free
coverage on SUNE, INVN, MCHP, and SOL is available upon registration at:
SunEdison Inc.'s stock rallied 17.62% on Friday, hitting a new 52-week high of
$12.75. The company's shares finished the day at $12.55 after fluctuating
between $11.00 and $12.75 during the trading session. A total of 17.25 million
shares were traded, which is significantly above the daily average volume of
7.49 million. The company's shares have rallied 70.05% in the previous three
months and 42.78% in the last one month, outperforming the S&P 500, which has
gained 4.68% and 3.96% during the respective periods. Furthermore, SunEdison
Inc.'s stock is above its 50-day and 200-day moving averages of $8.75 and
$7.05, respectively. Download free technical research on SUNE by signing up
InvenSense Inc.'s stock fell by 0.25% on Friday, even as the broader market
surged. The company's shares closed the day at $15.95 after oscillating
between $15.58 and $16.02 during the trading session. A total of 2.55 million
shares were traded, which is below the daily average volume of 2.95 million.
The company's shares have lost 1.85% in the previous three months,
underperforming the S&P 500, which has advanced 4.68% during the same period.
However, InvenSense Inc.'s stock is trading above its 200-day moving average
of $14.63. Register now and get access to free analysis on INVN at:
Shares in Microchip Technology Inc. gained 1.73% on Friday, closing the day at
$42.89, after fluctuating between $42.09 and $42.95 during the trading
session. A total of 1.54 million shares were traded, which is below the daily
average volume of 1.67 million. Microchip Technology Inc.'s stock has gained
5.61% in the previous three months and 8.08% in the last one month,
outperforming the S&P 500, which has gained 4.68% and 3.96% during the
respective periods. Moreover, the company's stock is trading above its 50-day
and 200-day moving averages of $40.19 and $37.96, respectively. Sign up and
read our complimentary report on MCHP at:
On Friday, ReneSola Ltd's stock rallied to end the day at $4.81, which is
9.32% higher than the previous day's closing price of $4.40. The company's
shares vacillated between $4.38 and $4.85 during the trading session. A total
of 3.47 million shares were traded, which is below the daily average volume of
4.75 million. The company's shares have surged 22.08% in the previous three
months, outperforming the S&P 500, which has gained 4.68% during the same
period. Additionally, ReneSola Ltd's stock is trading above its 200-day moving
average of $3.09. The free report on SOL can be downloaded by signing up now
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