StockCall Pre-Market Review on Apple, Salesforce.com, Infinera, and LG Display
LONDON, April 4, 2013 /PRNewswire/ --
U.S. equity market tumbled on Wednesday as concerns over North Korea and some disappointing economic data weighed down investors' sentiment. The second quarter has begun on a weak note for the U.S. equity market following the rally in the first quarter. Yesterday, all three benchmark indexes posted significant losses. Technology sector was among the worst performers in the S&P 500. Among the major movers in the technology sector were Apple Inc. (NASDAQ: AAPL), salesforce.com Inc. (NYSE: CRM), Infinera Corp. (NASDAQ: INFN), and LG Display Co. Ltd. (NYSE: LPL). StockCall analysts initiated preliminary technical research on AAPL, CRM, INFN, and LPL. These free reports are accessible by signing today at
http://www.stockcall.com/register
Despite the sharp decline in the technology sector, shares of iPhone maker Apple Inc. edged higher on Wednesday. The stock ended the day 0.51% higher at $431.99 after touching an intra-day high of $437.28. For the week, though, Apple's shares are still down more than 2.50%. The company's shares have fallen more than 18% this year even as the broad market has rallied. The stock has continued its slide, which began in the fourth quarter of 2012. Shares of AAPL currently face stiff resistance at $440. The stock has strong support at around $420. The free technical analysis on AAPL is available by signing up at
http://www.StockCall.com/AAPL040413.pdf
Shares of salesforce.com were among the major losers in the technology sector yesterday. The stock fell to an intra-day low of $166.69 before finishing the day 3.89% lower at $168.51. For the week, salesforce.com's shares are now down more than 5.70%. The stock has pared most of its gains for the year as a result of the losses this week. Year-to-date, the company's shares are now up just 0.24%. The stock is currently trading more than 10% below its 52-week high. Shares of CRM have seen a sharp pullback after the stock hit its 52-week high last month. Register now to download the free research on CRM at
http://www.StockCall.com/CRM040413.pdf
Another major loser in the technology sector on Wednesday was Infinera Corp. Shares of the Sunnyvale, California-based company fell 3.68% to finish the day at $6.28 after touching an intra-day low of $6.23. The stock has now fallen more than 10.20% for the week. Despite posting significant losses this week, Infinera's shares are still up more than 8% for the year. The stock has fallen sharply after failing to break through $7.25 resistance level. The Communication Equipment company's shares have slipped below their 50-day moving average this week, which is a bearish signal. The stock's MACD has also crossed below the signal line and the zero-line, further confirming this negative trend. Free report on INFN can be accessed by registering at
http://www.StockCall.com/INFN040413.pdf
Shares of LG Display Co. Ltd. also edged lower in its last trading session, extending their losses for the week. The stock ended the day 1.63% lower at $13.85, which was also its intra-day low on Wednesday. LG Display's shares have now fallen more than 5% for the week. The stock has pared all of its gains for the year as a result of the losses this week. Year-to-date, the company's shares are now down more than 4.30%. The stock has also slipped below $14 support level, which is a bearish signal. Register with StockCall and download the research on LPL for free at
http://www.StockCall.com/LPL040413.pdf
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