Today's Technical View on Dell, Apple, Corning, and LG Display

Mar 04, 2013, 08:20 ET from

LONDON, March 4, 2013 /PRNewswire/ --

Demand for personal computers has weakened in the last two years due to the shift to mobile computing. PC demand has also been negatively impacted by weakening global economy. Not surprisingly, personal computer maker Dell Inc. (NASDAQ: DELL), which recently agreed to going private, has struggled. On the other hand, Apple Inc. (NASDAQ: AAPL) has been one of the biggest beneficiaries of the shift to mobile computing, although in recent months the company has been facing increasing competition. The growth in the smartphone and tablet markets has also benefited companies such as Corning Incorporated (NYSE: GLW) and LG Display Co. Ltd. (NYSE: LPL). Shares of both companies, though, finished lower on Friday even as the broad market edged higher. StockCall initiated free in-depth technical analysis on DELL AAPL GLW and LPL which are currently available upon sign up at

Dell Inc. shares ended marginally higher in Friday's trading session. Shares of the Texas-based personal computer maker rose 0.36% to finish the day at $14, with volume at 13.02 million. Dell's shares have been one of the best performing technology stocks this year, gaining more than 38%. The stock, however, has been struggling to break through $14 resistance level. Sign up for the free technical analysis on DELL at

Shares of Apple Inc. fell sharply in Friday's trading session even as the broad market finished in the green. Apple's shares have struggled since late 2012 after the stock hit an all-time high of $705.07. At the end of last week, the stock closed 2.48% lower at $430.47 on volume of 19.73 million. The company's shares have now fallen more than 25% in the last three months. Market sentiment remains bearish on the stock, with the MACD recently crossing below the signal line. The stock is also trading well below its 50-day and 200-day moving averages. The tech giant's shares have fallen below $440, which has been a key support level for the stock in recent weeks. Download the free report on AAPL by registering at

Shares of Corning Inc. also ended lower in Friday's trading session; however, the losses were limited. The stock closed 0.71% lower at $12.52 on volume of 8.94 million. For the week, the stock fell 0.71% even as the S&P 500 gained 0.17%. Year-to-date, Corning's shares have fallen 0.79%, compared to a gain of 6.45% for the S&P 500. The company's shares are currently facing stiff resistance at around $12.75. The stock has support at around $12.20. The stock recently moved above its 50-day moving average, which is a bullish signal. The bullish trend is further confirmed by the MACD chart.  The free report on GLW can be downloaded by signing up now at

Shares of LG Display Co. also edged lower in Friday's trading session. The stock closed 0.29% lower at $13.86 on volume of 322,787, which is nearly a third of the daily average volume of 1.05 million. Year-to-date, LG Display's shares have fallen more than 4%, underperforming the broad market. The company's shares have been trading above their 50-day and 200-day moving averages, which is a bullish signal. The MACD chart, however, suggests that the bullish trend may have come to an end.  Free report on LPL can be accessed by registering at

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