STMicroelectronics - Worst Performing Semiconductor

Published on Friday, 25 May 2012 16:51 Written by Christian Paolinetti

New York, May 25th (TradersHuddle.com) - The Philadelphia Semiconductor Index traded higher at $372.11, representing 1.37% from its previous close. The semiconductor index had a broad rally with 27 index components trading higher.

SanDisk (NASDAQ:SNDK) was the top performer of the semis, as it traded at $33.83, which represents 4.9%. from the previous trading session. Shares of SanDisk, the provider of flash data storage products have defined support at $31.34 and resistance at $33.07.

Micron Technology (NASDAQ:MU) was also among the top performers, closing the trading session at $5.96 representing 3.83% from its previous close. Micron Technology, the dynamic random access memory chips maker has calculated support and resistance levels at $5.59 and $6.53 respectively. The other top performer of the semis was Advanced Micro Devices (NYSE:AMD), which traded at $6.21 representing 3.16% from the previous trading session.

The semis' worst performers include STMicroelectronics (NYSE:STM) that traded at $5.08 or -0.78% from the previous close. Shares of STMicroelectronics, the semiconductor integrated circuits and discrete devices maker have defined support at $4.61 and resistance at $5.27. Also among the worst performers was MEMC Electronic Materials (NYSE:WFR), which closed at $1.57 representing -0.63% from the previous trading session.

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