StockCall Scrutinizes NVIDIA, Cirrus Logic, Linear Technology, ARM Holdings, and Microchip Technology
LONDON, March 26, 2013 /PRNewswire/ --
Major indices maintained their negative sentiments this week as well. The markets are jittery after reaching record highs recently. The S&P ended 0.33 percent down at 1,551.69. NASDAQ also closed lower at 3,235.30, down 0.30 percent while The Dow Jones slumped 0.44 percent lower to finish yesterday's session at 14,447.75. Our research team took a look at the technology sector, focusing on the Semiconductor - Specialized industry which includes major companies like NVIDIA Corporation (NASDAQ: NVDA), Cirrus Logic Inc. (NASDAQ: CRUS), Linear Technology Corporation (NASDAQ: LLTC), ARM Holdings Plc (NASDAQ: ARMH), and Microchip Technology Inc. (NASDAQ: MCHP). StockCall reviewed the Semiconductor - Specialized industry and chose NVDA, CRUS, LLTC, ARMH, and MCHP for its technical coverage. These free reports can be seen for free at
In line with the downward shown by broad market indices, NVIDIA Corporation's stock finished 0.56 percent lower at $12.41, with volume down from daily average of 10.98 million to 9.05 million. NVIDIA's stock is up so far in 2013 so far with its year-to-date gain at 2.56 percent. However, the stock currently shows a neutral trend, which is further confirmed by the stock's MACD chart. The company has its first support level at $12.24. In the coming sessions, the stock is likely to go as high as $12.53. Download the free research on NVDA by signing up now at
Cirrus Logic Inc.'s stock declined in its latest trading session. The stock closed 1.49 percent lower at $23.10 with 2.03 million share volume on Monday. With the significant decline, the stock is now down more than 14 percent for the year. In the past 52 weeks, Cirrus Logic is down 5.44 percent. The stock currently has support at $22.43 level. The stock's MACD chart shows a bearish trend. The company may face its first resistance level at $23.48. Upon breaching this level, the stock may go as high as $25.62. Register for today's free analysis on CRUS at
Shares of Linear Technology Corporation edged lower in yesterday's trading session, tracking movement in the broad market. The stock closed 0.21 percent lower at $37.31 on below average volume of 1.33 million. Linear Technology's shares have gained more than 10.38 percent this year, in-line with the broad market. It has support at $35.94. With the downward movement, the semiconductor company's shares are still trading below their 20-day and 50-day moving averages. The stock's MACD is also trading below the signal line and the zero-line. Both of these are bearish signals. Free report on LLTC can be accessed by registering at
ARM Holdings Plc traded in the range of $41.09 and $41.83 in Monday's trading session and ended the day at $41.42, up 3.29 percent. The stock's 52 weeks range stands at $21.64 and $44.47. ARM Holdings Plc has gained 46.72 percent of its value in the past 12 months, while it grew 11.64 percent so far this year. ARM is in a bullish mode and may find its first support level at $39.45. It is trading below its 20-day moving average of $42.25. Register with StockCall and download the research on ARMH for free at
Shares of Microchip Technology Inc. ended its previous trading session marginally higher at $36.22, up 0.06 percent. The stock grew more than 12 percent this year, outperforming the broad market. The stock has slipped from $36.46 resistance level. It has support at around $36.13 at the moment. The company is trading above its 50-day moving average price of $35.44. Read the full free research on MCHP by signing up to StockCall at
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