StockCall Pre-Market Review on Atmel, Cypress Semiconductor, ON Semiconductor, Maxim Integrated Products, and Integrated Device Technology
LONDON, March 7, 2013 /PRNewswire/ --
The semiconductor industry faced significant challenges in 2012 as the global economy slowed down. The industry is also seeing a major transformation due to the shift to mobile. Going forward companies that have sound mobile strategy will be the ones in a strong position. Meanwhile, companies such as Atmel Corporation (NASDAQ: ATML), Cypress Semiconductor Corporation (NASDAQ: CY), ON Semiconductor Corp. (NASDAQ: ONNN), Maxim Integrated Products Inc. (NASDAQ: MXIM), and Integrated Device Technology Inc. (NASDAQ: IDTI) will also benefit from an improving outlook for the global company. On Wednesday, semiconductor stocks ended on a mixed note even as the Dow Jones finished at yet another record high. StockCall analysts initiated preliminary technical research on ATML, CY, ONNN, MXIM, and IDTI. These free reports are accessible by signing today at
http://www.stockcall.com/register
Shares of Atmel Corp. edged lower in Wednesday's trading session. The stock closed 0.92% lower at $6.43 on volume of 2.86 million. For the week, the stock has now fallen more than 1.30%. Year-to-date, Atmel Corporations shares have fallen more than 1.80%. Atmel's shares are currently trading below their 50-day and 200-day moving averages, which is a bearish signal. The bearish trend is further confirmed by the stock's MACD chart. The company currently has support at $6.25. The free technical analysis on ATML is available by signing up at
http://www.StockCall.com/ATML030713.pdf
Shares of Cypress Semiconductor Corp. rose sharply in Wednesday's trading session, extending their gains for the week. The stock closed 1.51% higher at $10.79 on volume of 3.73 million. For the week, the stock has now gained nearly 5%. Technical indicators for Cypress Semiconductor are currently giving very strong bullish signals. The stock's MACD is currently trading above the signal line and the zero-line. The stock has just broken through $10.50 resistance level. Year-to-date, the semiconductor company's shares, however, have fallen 0.46%, underperforming the broad market. Register now to download the free research on CY at
http://www.StockCall.com/CY030713.pdf
Shares of ON Semiconductor Corp. also rose sharply in Wednesday's trading session, ending the day 1.12% higher at $8.10 on above average volume of 7.61 million. The stock rose to an intra-day high of $8.15 yesterday. The company's shares have gained more than 2.70% so far this week. Year-to-date, the stock has inched up nearly 15%, easily outperforming the broad market. Recent volume activity suggests that market sentiment has turned bullish on ON Semiconductor. The stock is also trading above its 50-day and 200-day moving averages, which further confirms the bullish trend. Free report on ONNN can be accessed by registering at
http://www.StockCall.com/ONNN030713.pdf
Shares of Maxim Integrated Products Inc. slipped in Wednesday's trading session. The stock closed 0.63% lower at $31.80 on volume of 2.13 million. Despite the pullback yesterday, the company's shares gained more than 2.60% in the last three trading sessions. Year-to-date, the stock has gained more than 8%, outperforming the broad market. Register with StockCall and download the research on MXIM for free at
http://www.StockCall.com/MXIM030713.pdf
Shares of Integrated Device Technology Inc. edged lower in Wednesday's trading session. The stock closed 1.18% lower at $6.69 on volume of 1.30 million. Year-to-date, the stock has now fallen more than 8%, underperforming the broad market. Technical indicators for the company are currently giving strong bearish signals. Read the full free research on IDTI by signing up to StockCall at
http://www.StockCall.com/IDTI030713.pdf
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