StockCall Pre-Market Review on Taiwan Semiconductor, Marvell Technology, Broadcom, PMC-Sierra, and Applied Micro Circuits
LONDON, April 8, 2013 /PRNewswire/ --
Markets remained weak on account of lower-than-expected job growth numbers. The technology sector also showed weakness as the benchmark Index NASDAQ closed 0.65 percent lower at 3,203.86. The index lost 1.95 percent of its value in the past week. We followed major companies in the Semiconductor - Integrated Circuits industry like Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM), Marvell Technology Group Ltd. (NASDAQ: MRVL), Broadcom Corp. (NASDAQ: BRCM), PMC-Sierra Inc. (NASDAQ: PMCS) and Applied Micro Circuits Corp. (NASDAQ: AMCC). StockCall analysts initiated preliminary technical research on TSM, MRVL, BRCM, PMCS, and AMCC. These free reports are accessible by signing today at
http://www.stockcall.com/register
Taiwan Semiconductor Mfg. Co. Ltd's stock remained in the red zone for its YTD returned with 0.59 percent decline in Friday's trading session. The stock traded in the range of $16.48 and $16.78 and closed at $16.73. However, it traded at higher-than-average number of shares at 11.19 million. The stock is in a bearish mode and is likely to maintain its descent in the coming sessions. Its first resistance level is at $17.41 and it may test the support level of $16.46 in the coming trading sessions. The free technical analysis on TSM is available by signing up at
http://www.StockCall.com/TSM040813.pdf
Marvell Technology Group Ltd. traded in the range of $10.04 and $10.31 in its latest trading session and ended the day at $10.28, down 0.96 percent. The stock's 52 weeks range stands at $6.98 and $15.90. Marvell Technology has lost 32.1 percent of its value in the past 12 months, while it gained 43.38 percent on a YTD basis. The company is in a neutral mode and may find its first support level at $9.56. It is trading below its 20-day moving average of $10.44. Register now to download the free research on MRVL at
http://www.StockCall.com/MRVL040813.pdf
In-line with the downtrend shown by broad market indices, Broadcom Corp.'s stock finished 0.96 percent down at $33.08, with volume up from daily average of 6.50 million to 7.05 million. The stock is up so far in 2013 with its year-to-date gain at 1.85 percent. However, the stock currently shows a neutral trend which is further confirmed by its MACD chart. Broadcom has its first support level at $32.68. Free report on BRCM can be accessed by registering at
http://www.StockCall.com/BRCM040813.pdf
PMC-Sierra Inc traded in the range of $6.30 and $6.50 in its latest trading session. Its volume stood at 3.05 million shares, up from its average daily volume of 1.45 million. PMC-Sierra closed the session at $6.46, down 1.37 percent. The stock is currently trading marginally above its short-term moving average price of $6.44, showing a neutral trend. In the coming sessions, the company is expected to go as high as $6.61, while its first support level is at $6.39. Register with StockCall and download the research on PMCS for free at
http://www.StockCall.com/PMCS040813.pdf
Applied Micro Circuits Corp. extended its 52 weeks gains to 12.71 percent by closing its previous trading session 1.66 percent higher. The stock closed at $7.36, with trading volume of 907,143 shares. It is down 10.9 percent on a YTD basis. The company is currently in a neutral mode and is expected to go up to $7.56 in the coming trading sessions. Its next resistance level is at $8.28. Read the full free research on AMCC by signing up to StockCall at
http://www.StockCall.com/AMCC040813.pdf
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