Sector Wrap - Semis Lower: WFR, NETL, VECO

Published on Monday, 06 February 2012 16:51 Written by Christopher Lynn

New York, February 6th (TradersHuddle.com) - The Philadelphia Semiconductor Index traded lower at $421.87, representing -1.43% from its previous close. The semiconductor index tumbled with 26 index components on the negative side.

MEMC Electronic Materials (NYSE:WFR) was the top performer of the semis, as it traded at $5.27, which represents 1.54%. from the previous trading session. Shares of MEMC Electronic Materials, the silicon wafers producer have defined support at $4.53 and resistance at $5.00.

() was also among the top performers, closing the trading session at $49.8 representing 0% from its previous close. , the has calculated support and resistance levels at $28.72 and $48.39 respectively. The other top performer of the semis was Veeco Instruments (NASDAQ:VECO), which traded at $27.14 representing -0.11% from the previous trading session.

The semis' worst performers include Power Integrations (NASDAQ:POWI) that traded at $38.3 or -2.96% from the previous close. Shares of Power Integrations, the maker of proprietary, high-voltage, analog integrated circuits for use in ac to dc conversion have defined support at $35.80 and resistance at $37.96. Also among the worst performers was Hittite Microwave (NASDAQ:HITT), which closed at $55.98 representing -2.69% from the previous trading session.

Today, the semis underperformed the broad market index S&P 500.