Morning Research on Suntech Power, TE Connectivity, Power-One, Plug Power, and Amphenol

Apr 22, 2013, 08:00 ET from

LONDON, April 22, 2013 /PRNewswire/ --

The technology sector struggled last week as some weak earnings results from major tech companies weighed down sentiment. Although this sector managed to finish higher on Friday, gains were limited. The tech sector closed 0.30% higher even as the S&P 500 posted gains of nearly 0.90%. Among the major movers within this sector on Friday were Suntech Power Holdings Co. Ltd. (NYSE: STP), TE Connectivity Ltd. (NYSE: TEL), Power One Inc. (NASDAQ: PWER), Plug Power Inc. (NASDAQ: PLUG), and Amphenol Corporation (NYSE: APH). StockCall has posted free technical research reports on STP, TEL, PWER, PLUG, and APH and these can be accessed by signing up at

Shares of China-based Suntech Power Holdings Co. Ltd. edged lower on Friday; however, the losses were limited. The stock traded between $0.60 and $0.66 before finishing the day 0.46% lower at $0.650 on volume of 2.96 million. Shares of STP fell more than 13.20% last week. The stock is now down more than 57.50% so far in 2013. Suntech Power's shares are now trading well below their 50-day and 200-day moving averages, which is a bearish signal. The stock's MACD is currently below the zero-line, which further confirms the negative trend. Download the free report on STP upon registration at

Shares of TE Connectivity Ltd. edged higher on Friday, tracking gains in the broad market. The stock touched an intra-day low of $39.44 before paring some of the gains to finish the day 0.69% higher at $39.38 on volume of 1.42 million. Despite the gains in the prior week's last session, TE Connectivity's shares fell more than 5.30% last week as the broad market struggled. However, the stock is still up more than 6.60% so far in the year. Shares of TEL saw a pullback last week after struggling to break through the $42 resistance level. The stock also slipped below its 50-day moving average last week. TEL technical report can be accessed for free by signing up at

Power One Inc.'s shares struggled in Friday's trading session. The stock fell to an intra-day low of $4 before finishing the day 0.98% lower at $4.04 on volume of 1.04 million. Shares of PWER have fallen nearly 1.50% in the last three sessions. The stock is also trading below its 50-day moving average, which is a bearish signal. The downbeat trend is further confirmed by the stock's MACD chart. Year-to-date, Power One's shares have fallen 1.70%, compared to a gain of more than 9% for the S&P 500. The free report on PWER can be downloaded by signing up now at

Plug Power Inc.'s shares rose sharply on Friday, reversing some of the losses from previous trading sessions. The stock touched an intra-day high of $0.16 before finishing the day 1.15% higher at $0.159 on volume of 1.25 million. Despite the gains in last week's final trading session, the company's shares fell more than 9.20% last week. Year-to-date, the stock has fallen more than 68.20%. Shares of PLUG are trading more than 88% below their 52-week high. Free report on PLUG can be accessed by registering at

Shares of Amphenol Corporation gained on Friday. The stock closed 0.76% higher at $72.78 on above average volume of 713,928 after touching an intra-day high of $72.80. Amphenol's shares have had an excellent run so far in 2013 so far, gaining more than 12.60%. The stock is currently trading close to its 52-week high of $74.92. Shares of APH are currently trading above their 50-day and 200-day moving averages. Register with StockCall and download the research on APH for free at

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