LONDON, April 30, 2014 /PRNewswire/ --
The markets on Tuesday, April 29, 2014 ended on a higher note as the S&P 500 finished the session 0.48% higher at 1,878.33, and the NASDAQ Composite closed at 4,103.54, up 0.72%. The Dow Jones Industrial Average finished at 16,535.37, up 0.53%. During the session, the eight out of ten sectors ended in positive. The S&P 500 Information Technology Sector Index closed the day at 595.80, up 0.74%, and the index has advanced 6.26% in the previous three months. Investor-Edge has initiated coverage on the following equities: JA Solar Holdings Co. Ltd (NASDAQ: JASO), Microchip Technology Inc. (NASDAQ: MCHP), Cirrus Logic Inc. (NASDAQ: CRUS) and Hanwha SolarOne Co. Ltd (NASDAQ: HSOL). Free technical research on JASO, MCHP, CRUS and HSOL can be downloaded upon signing up at:
On Tuesday, JA Solar Holdings Co. Ltd's stock gained 1.78%, to close the day at $9.70. The stock recorded a trading volume of 2.67 million shares, below its three months average volume of 3.33 million shares. The stock oscillated between $9.60 and $9.82 during the session. Over the previous three months and since start of this year, JA Solar Holdings Co. Ltd's shares have advanced 3.97% and 5.78%, respectively. However, the company's stock has declined 3.67% in the last one month. The stock is trading above its 200-day moving average. The company stock's 50-day moving average of $10.53 is above its 200-day moving average of $9.68. Further, the stock has a Relative Strength Index (RSI) of 42.48. Sign up today to read free research on JASO at:
On Tuesday, shares in Microchip Technology Inc. recorded a trading volume of 1.48 million shares, below its three months average volume of 1.96 million shares. The stock finished the day at 0.76% higher at $47.30, and registered an intraday range of $46.94 and $47.70. Shares of the company traded at a PE ratio of 25.19. Microchip Technology Inc.'s shares have gained 0.80% in the last one month and 6.02% in the previous three months. Further, the stock has advanced 5.69% since the start of this year. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages of $46.77 and $43.02. Furthermore, the company stock has an RSI of 47.87. Sign up today to read free research on MCHP at:
Shares in Cirrus Logic Inc.'s finished Tuesday's session 6.59% higher at $23.46. A total of 7.09 million shares were traded, much above its three months average volume of 1.85 million shares. The stock moved between $22.75 and $23.90 during the session. Over the last one month and over the previous three months, Cirrus Logic Inc.'s shares have surged 20.18% and 35.76%, respectively. Additionally, the stock has advanced 14.86% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $20.50 is greater than its 50-day moving average of $19.45. The stock traded at a PE ratio of 10.11 and has an RSI of 67.10. On April 29, 2014, the company agreed to Acquire Wolfson Microelectronics at a price of £2.35 per share in cash, implying an enterprise value of £278 million or approximately $467 million. Sign up today to read free research on CRUS at:
On Tuesday, Hanwha SolarOne Co. Ltd's stock traded between $2.57 and $2.70 before ending the session 0.77% higher at $2.62. Hanwha SolarOne Co. Ltd's stock reported a trading volume of 0.62 million shares, much below to its three months average volume of 1.93 million shares. Hanwha SolarOne Co. Ltd's shares have declined 8.39% in the last one month, 4.03% in the previous three months, and 5.42% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $3.05 and $3.44, respectively. Additionally, shares of the company have an RSI of 40.64. Sign up today to read free research on HSOL at:
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