MEMC Electronic Materials - Top Performer Semiconductor

Published on Wednesday, 13 June 2012 16:51 Written by Christopher Lynn

New York, June 13th (TradersHuddle.com) - The Philadelphia Semiconductor Index traded lower at $369.78, representing -1.06% from its previous close. The semiconductor index had a negative day with only 11 index components trading higher.

MEMC Electronic Materials (NYSE:WFR) was the top performer of the semis, as it traded at $1.89, which represents 3.85%. from the previous trading session. Shares of MEMC Electronic Materials, the silicon wafers producer have defined support at $1.44 and resistance at $1.74.

Rubicon Technology (NASDAQ:RBCN) was also among the top performers, closing the trading session at $9.74 representing 2.72% from its previous close. Rubicon Technology, the high-quality sapphire substrates and optical windows has calculated support and resistance levels at $8.55 and $9.89 respectively. The other top performer of the semis was Intel (NASDAQ:INTC), which traded at $26.72 representing 0.75% from the previous trading session.

The semis' worst performers include Power Integrations (NASDAQ:POWI) that traded at $39.07 or -4.66% 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 $39.19 and resistance at $41.87. Also among the worst performers was Veeco Instruments (NASDAQ:VECO), which closed at $32.84 representing -3.13% from the previous trading session.

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