Before the Bell Briefing of Advanced Micro Devices, Texas Instruments, Entropic Comm., Micron Technology, and Rambus
LONDON, March 28, 2013 /PRNewswire/ --
The semiconductor industry is expected to continue benefit from growth in smartphone and tablets usage. Tablets and smartphones were among the biggest drivers of growth in the semiconductor industry in 2012 and trend is likely to continue in 2013. Semiconductor industry will also look to capitalize on growth in the wireless communications market. Finally, an improved economic outlook should also benefit semiconductor companies such as Advanced Micro Devices Inc. (NYSE: AMD), Texas Instruments Incorporated (NASDAQ: TXN), Entropic Communications Inc. (NASDAQ: ENTR), Micron Technology Inc. (NASDAQ: MU), and Rambus Inc. (NASDAQ: RMBS). Semiconductor stocks ended on a mixed note on Wednesday as the broad market struggled amid concerns over Eurozone. StockCall has taken an interest in these companies and you can now sign up to download the free technical research on AMD, TXN, ENTR, MU, and RMBS at
http://www.stockcall.com/registration
Shares of Advanced Micro Devices Inc. edged higher in trading on Wednesday; however, the gains were limited. The stock closed 0.39% higher at $2.55 on volume of 5.90 million. Advanced Micro Devices Inc. shares are currently trading nearly 70% below their 52-week high of $8.35. The stock had struggled in 2012. However, so far in 2013, it has gained 6.25%. Its shares currently face stiff resistance at around $2.80. The stock's MACD chart suggests that market sentiment has turned bullish. Sign up today to read the free research report on AMD at
http://www.StockCall.com/AMD032813.pdf
Texas Instruments Incorporated's shares struggled for direction in yesterday's trading session before finishing the day nearly flat. The stock ended the day 0.04% lower at $35.08 on volume of 8.21 million. Texas Instruments shares are currently trading close to their 52-week high of $35.73. Year-to-date, the stock has gained more than 14%, outperforming the S&P 500. Its shares have seen a series of highs over the past few months. The stock is currently trading above its 50-day and 200-day moving averages. Register to download the free technical analysis on TXN at
http://www.StockCall.com/TXN032813.pdf
Shares of Entropic Communications Inc. rallied in trading on Wednesday even as the broad market struggled. The stock ended the day 6.47% higher at $4.28 on above average volume of 1.05 million after touching an intra-day high of $4.30. Despite the significant gains on Wednesday, Entropic Communications Inc. shares have fallen more than 19% for the year. The stock, however, is gaining momentum after bottoming out at $4. Recent volume activity and the stock's MACD chart suggests that market sentiment has turned bullish. Free report on ENTR can be accessed by registering at
http://www.StockCall.com/ENTR032813.pdf
Micron Technology Inc. shares posted modest gains in trading yesterday. The stock rose to an intra-day high of $10.04 before finishing the day 0.40% higher at $9.96 on volume of 27.59 million. Micron Technology Inc. shares are trading only 3.02% below their 52-week high of $10.27. The stock has had an excellent run so far in 2013, gaining more than 57%. Its shares have seen a series of highs since the start of this year, which is a bullish signal. The stock's MACD is also trading above the signal line and the zero-line, further confirming the bullish trend. Register with StockCall and download the research on MU for free at
http://www.StockCall.com/MU032813.pdf
Shares of Rambus Inc. rose sharply in Wednesday's session, extending their gains from the previous trading sessions. The stock closed 1.41% higher at $5.77 on above average volume of 754,827, taking its gains in the last three trading sessions to nearly 5.30%. Year-to-date, Rambus shares have gained nearly 18.50%, outperforming the broad market. The stock is now approaching $5.80 resistance level. The stock's MACD has just crossed above the signal line and the zero-line, which are strong bullish signals. Read the full free research on RMBS by signing up to StockCall at
http://www.StockCall.com/RMBS032813.pdf
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