Intel - Worst Performing Semiconductor - Mid-Day Update

intc New York, November 21st (TradersHuddle.com) - The Philadelphia Semiconductor Index is trading lower at $361.63, representing -0.05% from its previous close. The semiconductor index is having an overall mixed day with 14 index components trading higher.

MEMC Electronic Materials (NYSE:WFR) is the top performer of the semis, trading at $2.56, which represents 4.84%. from the previous trading session. Shares of MEMC Electronic Materials, the silicon wafers producer have defined support at $2.15 and resistance at $2.69.

Cirrus Logic (NASDAQ:CRUS) is also among the top performers, currently trading at $31.18 representing 2.77% from its previous close. Cirrus Logic, the provider of high-precision analog and mixed-signal, and embedded processors for audio and industrial markets has calculated support and resistance levels at $27.05 and $42.00 respectively. The other top performer of the semis is SanDisk (NASDAQ:SNDK), which is trading at $39.44 representing 1.55% from the previous trading session.

The semis' worst performers include Intel (NASDAQ:INTC) that is trading at $19.51 or -3.64% from the previous close. Shares of Intel, the largest chipmaker in the world have defined support at $19.95 and resistance at $22.54. Also among the worst performers is Micron Technology (NASDAQ:MU), which is currently trading at $5.51 representing -0.9% from the previous trading session.

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

Technical Scans

Stock Market

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Chart
o Dow Jones 17,550.69 ▼47.51 (-0.27%)
o S&P 500 2,093.32 ▼4.72 (-0.22%)
o NASDAQ 5,105.55 ▼9.84 (-0.19%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,550.69 Trade time:4:30PM EDT Value change:▼47.51 (-0.27%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,093.32 Trade time:4:30PM EDT Value change:▼4.72 (-0.22%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:5,105.55 Trade time:5:15PM EDT Value change:▼9.84 (-0.19%)

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