Sector Mid-Day Wrap - Semis Higher: WFR, RBCN, XLNX

wfr New York, April 11th (TradersHuddle.com) - The Philadelphia Semiconductor Index is trading higher at $419.14, representing 2.32% from its previous close. The semiconductor index is having a broad rally with 24 index components trading higher.

MEMC Electronic Materials (NYSE:WFR) is the top performer of the semis, trading at $3.67, which represents 9.88%. from the previous trading session. Shares of MEMC Electronic Materials, the silicon wafers producer have defined support at $3.55 and resistance at $4.00.

Rubicon Technology (NASDAQ:RBCN) is also among the top performers, currently trading at $9.43 representing 2.72% from its previous close. Rubicon Technology, the high-quality sapphire substrates and optical windows has calculated support and resistance levels at $8.91 and $11.59 respectively. The other top performer of the semis is Xilinx (NASDAQ:XLNX), which is trading at $35.68 representing 2.38% from the previous trading session.

The semis' worst performers include Advanced Micro Devices (NYSE:AMD) that is trading at $7.53 or -2.84% from the previous close. Shares of Advanced Micro Devices, the second largest chipmaker in the world have defined support at $7.60 and resistance at $8.35. Also among the worst performers is Broadcom (NASDAQ:BRCM), which is currently trading at $35.93 representing -2.44% from the previous trading session.

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

Technical Scans

Stock Market

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o Dow Jones 18,126.12 ▼36.87 (-0.20%)
o S&P 500 2,120.79 ▼2.69 (-0.13%)
o NASDAQ 5,097.98 ▼8.62 (-0.17%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:18,126.12 Trade time:4:35PM EDT Value change:▼36.87 (-0.20%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,120.79 Trade time:4:35PM EDT Value change:▼2.69 (-0.13%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:5,097.98 Trade time:5:16PM EDT Value change:▼8.62 (-0.17%)

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