Today's Technical View on Flextronics Intl., Jabil Circuit, Bruker, and Sensata Technologies

Mar 08, 2013, 08:00 ET from

LONDON, March 8, 2013 /PRNewswire/ --

The weakness in the global economy had a negative impact on technology spending in 2012. However, the global economy has been strengthening thanks mainly to a strong recovery in U.S. and a rebound in China. Technology spending from corporate is expected to rise as a result, benefiting companies such as Flextronics International Ltd. (NASDAQ: FLEX), Jabil Circuit Inc. (NYSE: JBL), Bruker Corporation (NASDAQ: BRKR) and Sensata Technologies Holding N.V. (NYSE: ST). On Thursday, technology stocks ended on a mixed note even as the Dow Jones finished at yet another record high. StockCall initiated free in-depth technical analysis on FLEX, JBL, BRKR, and ST which are currently available upon sign up at

Shares of Flextronics International Ltd. rose sharply in Thursday's trading session, closing 1.19% higher at $6.78 on volume of 2.86 million. The stock touched an intra-day high of $6.81 in Thursday's trading session. Flextronics shares have had an excellent run so far this year, gaining more than 9%, compared to a jump of over 8.20% for the S&P 500. The company's shares have broken through $6.70 resistance level, which is a bullish signal. The bullish trend is further confirmed by the MACD chart. The stock's MACD has just crossed above the signal line, and is also trading above the zero-line. The company's shares are also trading above their 50-day and 200-day moving averages. Sign up for the free technical analysis on FLEX at

Shares of Jabil Circuit Inc. also edged higher in Thursday's trading session, tracking gains in the broad market. The stock closed 0.54% higher at $18.71 on volume of 2.26 million. Jabil Circuit Inc. shares have now gained more than 2.40% in the last three trading sessions. Year-to-date, the stock has fallen more than 3%, underperforming the S&P 500. Jabil Circuit Inc. is currently trading on P/E multiple of 10.16. The stock has a dividend yield of 1.71%. The MACD chart for the printed circuit boards company suggests that market sentiment may have turned bullish on the stock. This is confirmed by the stock's recent volume activity. Jabil's shares are currently facing resistance at around $19. The stock has support at $18.50. Download the free report on JBL by registering at

Shares of Bruker Corp. ended marginally lower in Thursday's trading session. The stock closed 0.16% lower at $18.61 on volume of 579,784. The company's shares reached a 52-week high of $18.78 in yesterday's session. Despite the pullback yesterday, Bruker's shares have gained nearly 3% in the last three trading sessions. Year-to-date, the stock has gained more than 22%, easily outperforming the broad market. The company's shares are currently trading above their 50-day and 200-day moving averages, which is a bullish signal. The bullish trend is further confirmed by the stock's MACD chart. The free report on BRKR can be downloaded by signing up now at  

Shares of Sensata Technologies Holding N.V. also fell in Thursday's trading session. However, the losses were limited. The stock closed 0.12% lower at $32.18 on volume of 1.54 million. Year-to-date, the stock has fallen nearly 1%, underperforming the broad market, which has gained more than 8.20%. Free report on ST can be accessed by registering at  

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