StockCall Early Morning Insight into STMicroelectronics, Freescale Semiconductor, Vishay Intertechnology, and AU Optronics
LONDON, March 22, 2013 /PRNewswire/ --
Technology sector got beaten down by Oracle's lower-than-expected sales numbers on Thursday. The company stock had its steepest fall since December, 2011 and dragged the NASDAQ index down along with it. What's more, Cyprus economic issues also caused panic in the market. Other stocks also succumbed to broader market sentiments and remained in neutral territory. Our researchers took notice of the Technology sector and studied the stock movements of major companies including STMicroelectronics NV (NYSE: STM), Freescale Semiconductor Ltd (NYSE: FSL), Vishay Intertechnology (NYSE: VSH) and AU Optronics Corp. (NYSE: AUO). StockCall has issued technical analysis and charting reports on STM, FSL, VSH, and AUO. Download these free reports now at
http://www.stockcall.com/todaysopinions
STMicroelectronics NV's stock is in a neutral mode and is trading below its 20-day SMA of $7.90. It ended its latest trading session 3.07 percent lower at $7.89, and the stock oscillated in the range of $7.87 and $8.01 during yesterday's session. The stock trades at Price/Earnings ratio of 36.13, higher than industry average, making this stock an expensive proposition. STMicroelectronics is expected to face its first resistance level at $8.06. Upon breaching this level, the stock may go up to $8.65. On the downside, its support price is at $7.71. Download the free research on STM today by registering at
http://www.StockCall.com/STM032213.pdf
Freescale Semiconductor Ltd's stock closed at $14.52, 3.59 percent lower on Thursday. The stock traded in the range of $14.39 and $14.95 during the session and is currently above its 20-day moving average price of $14.51. Freescale gained 35.7 percent this year. Its forward Price/Earnings ratio is 11.26 and thus is an inexpensive stock. The company is in a neutral phase and its first resistance level is at $15.13. On the downside, its first support is at $13.30. Upon breaching this level, its second support level is at 12.50. Sign up and have access to our free report on FSL at
http://www.StockCall.com/FSL032213.pdf
With its mild upward movement in yesterday's trading session, Vishay Intertechnology is up 34.48 percent for the year. It has gained 12.62 percent in the past 52 weeks. The stock finished the day 0.15 percent higher at $13.65 on volume of 2.05 million shares. Its average trading volume stands at 1.86 million shares. The company's shares currently face resistance at around $13.93. The stock has support at around $13.47. It is currently trading above its 20-day and 50-day moving averages, which is a bullish signal. The stock is highly volatile as its sports beta of 2.32. Sign up and read the complimentary report on VSH at
http://www.StockCall.com/VSH032213.pdf
AU Optronics Corp. traded in the range of $4.12 and $4.18 during its previous trading session. It opened at $4.17 and closed at $4.12, down 2.14 percent on Thursday. The stock is currently in a neutral mode and has its first resistance level at $4.21. Upon breaching this level, AU Optronics may go as high as $4.35. It traded 157,605 shares and is below its 20-day moving average price, indicative of a neutral phase. Its first support level is at $4.05. So far in year 2013, the stock lost 6.58 percent of its value. The company traded in the range of $2.70 and $5.14 in the past 52 weeks and lost 21.07 percent during the same time period. The free report on AUO can be downloaded by signing up now at
http://www.StockCall.com/AUO032213.pdf
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