LONDON, July 7, 2014 /PRNewswire/ --
The US markets on Thursday, July 3, 2014 ended on a positive note as the Dow Jones Industrial Average finished at 17,068.26, up 0.54% and the NASDAQ Composite closed at 4,485.93, up 0.63%. The S&P 500 finished the session 0.55% higher at 1,985.44. During the trading session, nine out of ten sectors finished on a higher note. The S&P 500 Information Technology Sector Index ended the day at 642.67, up 0.52%, with the index gaining 9.45% in the previous three months. Investor-Edge has initiated coverage on the following equities: Micron Technology Inc. (NASDAQ: MU), Rambus Inc. (NASDAQ: RMBS), Spansion Inc. (NYSE: CODE) and Semtech Corp. (NASDAQ: SMTC). Free technical research on MU, RMBS, CODE and SMTC can be downloaded upon signing up at:
On Thursday, shares in Micron Technology Inc. recorded a trading volume of 13.88 million shares, lower than its three months average volume of 29.77 million shares. The stock ended the day at $33.73, which was 0.09% below its previous day's closing of $33.76, and registered an intraday range of $33.65 and $34.28. Shares of the company traded at a PE ratio of 7.29. Micron Technology Inc.'s stock has gained 2.37% in the previous three trading sessions, 14.18% in the last one month, and 55.08% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $28.93 and $23.34, respectively. Furthermore, shares of Micron Technology Inc. have a Relative Strength Index (RSI) of 70.91. Sign up today to read free research on MU at:
Rambus Inc.'s stock finished the Thursday's session 3.38% higher at $14.68. A total of 0.79 million shares were traded, which was below its three months average volume of 1.17 million shares. The stock vacillated between $14.03 and $14.77 during the session. Over the last one month and over the previous three months, Rambus Inc.'s shares have surged 20.53% and 31.42%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 55.02%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $12.70 is greater than its 200-day moving average of $10.26. Rambus Inc.'s stock has an RSI of 69.24. Sign up today to read free research on RMBS at:
On Thursday, Spansion Inc.'s stock fluctuated between $21.44 and $21.73 before ending the session 1.36% higher at $21.69. The stock reported a trading volume of 0.20 million shares, below its three months average volume of 1.03 million shares. Spansion Inc.'s shares have gained 2.94% in the previous three trading sessions, 5.70% in the last one month, and 56.16% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $19.44 and $15.46, respectively. Moreover, shares of Spansion Inc. have an RSI of 66.88. Sign up today to read free research on CODE at:
Semtech Corp.'s stock gained 1.14%, to close the day at $26.73. The stock recorded a trading volume of 0.27 million shares, below its three months average volume of 0.47 million shares. The company shares oscillated between $26.29 and $26.73 during the session. Over the last three trading sessions and over the past three months, Semtech Corp.'s shares have gained 2.22% and 6.37%, respectively. Further, the stock has advanced 5.74% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Semtech Corp.'s 200-day moving average of $26.59 is above its 50-day moving average of $25.24. Additionally, the stock has an RSI of 56.21. Sign up today to read free research on SMTC at:
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