Sector Mid-Day Wrap - Semis Higher: AMD, TSM, POWI
Published on Friday, 23 November 2012 11:52 Written by Gerard Lerod
New York, November 23rd (TradersHuddle.com) - The Philadelphia Semiconductor Index is trading higher at $370.4, representing 2.18% from its previous close. The semiconductor index is having a broad rally with 26 index components trading higher.
Advanced Micro Devices (NYSE:AMD) is the top performer of the semis, trading at $1.94, which represents 3.74%. from the previous trading session. Shares of Advanced Micro Devices, the second largest chipmaker in the world have defined support at $1.81 and resistance at $2.35.
Taiwan Semiconductor (NYSE:TSM) is also among the top performers, currently trading at $16.8 representing 3.32% from its previous close. Taiwan Semiconductor, the largest dedicated semiconductor foundry in the world has calculated support and resistance levels at $15.00 and $16.59 respectively. The other top performer of the semis is Power Integrations (NASDAQ:POWI), which is trading at $31.11 representing 3.32% from the previous trading session.
The semis' worst performers include MEMC Electronic Materials (NYSE:WFR) that is trading at $2.57 or -1.15% from the previous close. Shares of MEMC Electronic Materials, the silicon wafers producer have defined support at $2.15 and resistance at $2.69. Also among the worst performers is Cirrus Logic (NASDAQ:CRUS), which is currently trading at $30.9 representing -0.83% from the previous trading session.
Today, the Semis are outperforming the broad market index S&P 500.
- ManpowerGroup Named to 2013 Dow Jones Sustainability Index
- ManpowerGroup: Bridging Global Skills Gaps Hinges on Driving Youth Employability
- ManpowerGroup Solutions' Managed Service Provider TAPFIN Recognized as a Top Performer in Customer Loyalty Survey
- ManpowerGroup: Asian Companies Must Prioritize Leadership Development
- ManpowerGroup Solutions' Managed Service Provider TAPFIN Launches World's First Contingent Workforce Index
- Manpower Employment Outlook Survey Reports Improved Year-End Hiring Plans in U.S., Strongest Since Q4 2007
- Manpower Employment Outlook Survey Shows Most Global Employers to Adopt Wait-and-See Approach to Hiring for Rest of Year
- Align Flexible Workforce Models with Business Strategy to Thrive in Economic Uncertainty, ManpowerGroup Says, As Unemployment Rate Falls to 7.3%
- ManpowerGroup's Exemplary Workplace Practices Recognized for Fourth Consecutive Year
- ManpowerGroup on the Best Practices in Recruitment Process Outsourcing
Related Partner Headlines
Recent Trading Ideas
Latest Partner Headlines