Technical Briefing: QLogic, Mercadolibre, Cavium, and Wave Systems
LONDON, July 5, 2013 /PRNewswire/ --
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The U.S. equity market edged higher on Wednesday, July 3, 2013, despite weakness in the early hours. Stocks slipped in the morning trade amid concerns over the political unrest in Egypt and uncertainty in Portugal. However, all three benchmark indexes rebounded to finish modestly higher in a shortened trading session ahead of the Independence Day holiday. The S&P 500 gained 0.08% on Wednesday. The technology sector was among the best performers with tech heavy NASDAQ Composite Index gaining 0.30%. The major movers in the technology sector included QLogic Corporation (NASDAQ: QLGC), Mercadolibre Inc. (NASDAQ: MELI), Cavium Inc. (NASDAQ: CAVM), and Wave Systems Corp. (NASDAQ: WAVX). All these companies are tracked by AAAResearchReports.com. Free technical research reports on QLGC, MELI, CAVM, and WAVX can be accessed by signing up at:
Shares in QLogic Corporation rallied on Wednesday, extending their gains for the week. The company's shares oscillated between $9.81 and $10.52 before finishing the day 5.99% higher at $10.44. A total of 1.97 million shares were traded which is above the daily average volume of 1.69 million. The company's shares have gained 9.21% in the last three trading sessions. The recent gains have pushed the stock above its 50-day and 200-day moving averages. However, QLogic's shares are still down 6.62% in the last three months. Download free report on QLGC upon registration at:
Mercadolibre Inc.'s stock ended slightly higher on Wednesday, reversing some of their losses for the week. The company's shares ended the day 0.30% higher at $107.19 after fluctuating between $104.30 and $108.07. A total of 299,774 shares were traded which is below the daily average volume of 485,552. The company's shares are down 0.53% for the week. In the last one month, the stock has fallen 6.61%. MELI technical report can be accessed for free by signing up at:
Shares in Cavium Inc. edged higher on Wednesday, tracking gains in the broader market. The company's shares ended the day 0.56% higher at $35.62 after fluctuating between $34.83 and $35.90. A total of 232,629 shares were traded which is below the daily average volume of 615,645. The company's shares are down 0.71% for the week. Moreover, Cavium's shares are currently trading above their 50-day and 200-day moving averages. A free report on CAVM can be accessed by registering at:
Wave Systems Corp.'s stock fell sharply on Wednesday, extending its losses from previous trading sessions. The company's shares fell 3.85% to finish the day at $1.00 after oscillating between $0.97 and $1.04. A total of 239,111 shares were traded which is more than its daily average volume of 102,607. The company's shares are down 19.08% in the last three trading sessions. In the last three months, the stock has fallen 59.70%. Register with AAA Research Reports and download research on WAVX for free at:
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SOURCE AAA Research Reports
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