Semis Stocks Mid-Day Round Up - Higher: AMAT, STM, POWI

Published on Wednesday, 20 June 2012 11:52 Written by Danny Miller

New York, June 20th (TradersHuddle.com) - The Philadelphia Semiconductor Index is trading higher at $386.14, representing 0.31% from its previous close. The semiconductor index is exhibiting strong upside with 20 index components on the plus side.

Applied Materials (NASDAQ:AMAT) is the top performer of the semis, trading at $11.54, which represents 3.27%. from the previous trading session. Shares of Applied Materials, the provider of nano-manufacturing technology solutions have defined support at $9.97 and resistance at $10.94.

STMicroelectronics (NYSE:STM) is also among the top performers, currently trading at $5.73 representing 2.69% from its previous close. STMicroelectronics, the semiconductor integrated circuits and discrete devices maker has calculated support and resistance levels at $4.98 and $5.44 respectively. The other top performer of the semis is Power Integrations (NASDAQ:POWI), which is trading at $40.88 representing 2.38% from the previous trading session.

The semis' worst performers include Cirrus Logic (NASDAQ:CRUS) that is trading at $29.74 or -1.98% from the previous close. Shares of Cirrus Logic, the provider of high-precision analog and mixed-signal, and embedded processors for audio and industrial markets have defined support at $27.23 and resistance at $31.23. Also among the worst performers is Marvell (NASDAQ:MRVL), which is currently trading at $11.96 representing -1.2% from the previous trading session.

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