StockCall Morning Insight into Research In Motion, EMC Corp., Cisco Systems, and MEMC Electronic Materials

Mar 18, 2013, 11:12 ET from

LONDON, March 18, 2013 /PRNewswire/ --

The technology sector has seen a major transformation due to the shift to mobile. As more and more users shift to smartphones and tablets, demand for PCs is expected to weaken further. Research In Motion Ltd. (NASDAQ:  BBRY), which recently launched new smartphones and new operating system, is hoping to capitalize on this trend. Meanwhile, other areas of the technology sector can expect a robust year ahead as business spending on technology is likely to rebound due to improved global economic outlook. EMC Corporation (NYSE: EMC), Cisco Systems Inc. (NASDAQ: CSCO), and MEMC Electronic Materials Inc. (NYSE: WFR) will be looking to benefit from a rebound in technology spending. On Friday, technology stocks ended on a mixed note as the broad market saw a correction. StockCall has issued technical analysis and charting reports on BBRY, EMC, CSCO, and WFR. Download these free reports now at

Shares of Blackberry maker Research In Motion Ltd. had an excellent run last week; however, the stock saw a slight pullback in Friday's trading session. The stock closed 0.46% lower at $14.99 on volume of 39.22 million on its last session. Despite the pullback, it rose nearly 15% for the week, making it one of the best performers in the technology sector. The company's shares slipped after failing to break through $16 resistance level. Technical indicators for the stock are still giving strong bullish signals, though. The stock is trading above its 50-day and 200-day moving averages. The stock's MACD is also trading above the signal line and the zero-line. Download the free research on BBRY today by registering at  

EMC Corporation shares fell sharply on Friday, ending 1.05% lower at $25.35 on above average volume of 40.75 million. However, the stock still posted a gain of more than 4% for the week. EMC's shares have crossed their 200-day moving average last week, which is a strong bullish signal. The positive trend is further confirmed by the stock's MACD chart. The company's shares face resistance at around $26. The stock currently has strong support at around $25. Despite the recent gains, shares of EMC have gained just 0.2% for the year so far. Sign up and have access to our free report on EMC at  

Despite a pullback in the broad market, shares of Cisco Systems Inc. rose sharply in the last trading session. The stock ended the day 1.55% higher at $21.92 on above average volume of 59.81 million. Cisco Systems' shares are hovering around their 52-week high of $21.98. The stock recently broke through $21.50 resistance level, which is a bullish signal. The bullish trend is further confirmed by recent volume activity. The tech giant's shares have outperformed the broad market this year, gaining more than 11.50%.  Sign up and read the complimentary report on CSCO at  

MEMC Electronic Materials Inc.'s shares were among the major losers in the technology sector on Friday, ending 5.03% lower at $4.53 on above average volume of 9.53 million. The stock has fallen more than 11.50% in the last three sessions. Despite the sharp decline, MEMC Electronic's shares are up more than 41% so far this year, easily outperforming the S&P 500. The stock has seen a pullback after failing to break through $5.70 resistance level. It has support at around $4.50. The free report on WFR can be downloaded by signing up now at  

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