Advanced Micro Devices - Top Performing Semiconductor - Mid-Day Update

Published on Wednesday, 25 January 2012 11:52 Written by Christopher Lynn

New York, January 25th (TradersHuddle.com) - The Philadelphia Semiconductor Index is trading lower at $413.65, representing -0.21% from its previous close. The semiconductor index is having an overall mixed day with 13 index components trading higher.

Advanced Micro Devices (NYSE:AMD) is the top performer of the semis, trading at $6.68, which represents 2.22%. from the previous trading session. Shares of Advanced Micro Devices, the second largest chipmaker in the world have defined support at $4.82 and resistance at $5.85.

Cirrus Logic (NASDAQ:CRUS) is also among the top performers, currently trading at $22.31 representing 2.01% from its previous close. Cirrus Logic, the provider of high-precision analog and mixed-signal, and embedded processors for audio and industrial markets has calculated support and resistance levels at $14.75 and $21.99 respectively. The other top performer of the semis is MEMC Electronic Materials (NYSE:WFR), which is trading at $4.6 representing 1.77% from the previous trading session.

The semis' worst performers include Rubicon Technology (NASDAQ:RBCN) that is trading at $10.81 or -10.44% from the previous close. Shares of Rubicon Technology, the high-quality sapphire substrates and optical windows have defined support at $9.11 and resistance at $13.59. Also among the worst performers is NVIDIA (NASDAQ:NVDA), which is currently trading at $14.44 representing -3.34% from the previous trading session.

Today, the Semis are underperforming the broad market index S&P 500.