LONDON, October 24, 2014 /PRNewswire/ --
Investor-Edge has initiated coverage on the following equities: Micron Technology Inc. (NASDAQ: MU), Rambus Inc. (NASDAQ: RMBS), Spansion Inc. (NYSE: CODE), Integrated Device Technology Inc. (NASDAQ: IDTI), and Altera Corporation (NASDAQ: ALTR). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Thursday, October 23, 2014, ended on a positive note as the Dow Jones Industrial Average finished at 16,677.90, up 1.32% and the NASDAQ Composite closed at 4,452.79, up 1.60%. The S&P 500 finished the session 1.23% higher at 1,950.82. During the trading session, eight out of ten sectors finished on a higher note. The S&P 500 Information Technology Sector Index ended the day at 644.14, up 1.53%, with the index advancing 10.02% on YTD basis. Register for your complimentary reports on these five stocks at:
Shares in Micron Technology Inc. advanced 1.05%, to close the day at $30.89. The stock recorded a trading volume of 21.97 million shares, below its three months average volume of 26.73 million shares. The company's shares oscillated between $30.57 and $31.37 during the session. Over the last three trading sessions and since the start of this year, Micron Technology Inc.'s shares have gained 4.04% and 42.02%, respectively. However, the stock has lost 8.28% over the past three months. The stock is trading above its 200-day moving average of $28.21, while the 200-day moving average is below Micron Technology Inc.'s 50-day moving average of $31.69. Additionally, the stock traded at a PE ratio of 11.19 and has a Relative Strength Index (RSI) of 49.30. Sign up and read the free notes on MU at:
On Thursday, shares in Rambus Inc. recorded a trading volume of 0.61 million shares, lower than its three months average volume of 0.76 million shares. The stock ended the day at $10.42, which was 1.36% above its previous day's closing of $10.28, and registered an intraday range of $10.32 and $10.60. Shares of the company traded at a PE ratio of 68.51. Although Rambus Inc.'s stock has declined 5.01% in the previous three trading sessions and 16.41% in the last one month, it has gained 10.03% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $11.93 and $11.49, respectively. Furthermore, shares of Rambus Inc. have an RSI of 35.13. The complimentary notes on RMBS can be downloaded as in PDF format at:
Spansion Inc.'s stock rallied 3.14% to end Thursday's session at $17.39. The stock recorded a trading volume of 1.64 million shares, below its three months average volume of 1.78 million shares. The company's shares fluctuated between $17.11 and $17.71 during the session. Spansion Inc.'s shares have gained 25.20% since the beginning of 2014 and 4.82% in the previous three trading sessions. However, the stock has declined 25.20% in the last one month and 22.37% over the last three months. The stock is trading below its 50-day and 200-day moving averages. Spansion Inc.'s 50-day moving average of $20.61 is above its 200-day moving average of $18.76. Additionally, the stock has an RSI of 34.32. Register for free on Investor-Edge and access the latest research on CODE at:
On Thursday, shares in Integrated Device Technology Inc. fluctuated between $13.77 and $14.35 before ending the session 3.13% higher at $14.15. The stock reported a trading volume of 1.46 million shares, lower than its three months average volume of 3.25 million shares. Shares of the company traded at a PE ratio of 26.85. Integrated Device Technology Inc.'s shares have gained 4.89% in the previous three trading sessions, 2.17% in the last three months, and 39.00% on YTD basis. The stock is trading above its 200-day moving averages of $13.40, which is below the stock's 50-day moving average of $15.44. Moreover, shares of Integrated Device Technology Inc. have an RSI of 42.20. The complete research on IDTI is available for free at:
Altera Corp.'s stock finished Thursday's session 2.15% higher at $33.74. A total of 3.51 million shares were traded, which was above its three months average volume of 3.24 million shares. The stock vacillated between $33.04 and $33.77 during the session. Over the previous three trading sessions and since the beginning of 2014, Altera Corp.'s shares have advanced 2.17% and 3.78%, respectively. However, the stock has lost 6.32% in the last one month. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $34.60 is greater than its 200-day moving average of $34.24. Altera Corp.'s stock traded at a PE ratio of 22.95 and has an RSI of 45.78. Free in depth research on ALTR is available at:
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