Semis Underperfoming the S&P 500 :CRUS, AMD, VECO

crus New York, January 1st (TradersHuddle.com) - The Philadelphia Semiconductor Index is trading flat at $389.49, representing 0% from its previous close. The semiconductor index is having a broad rally with 28 index components trading higher.

Cirrus Logic (NASDAQ:CRUS) is the top performer of the semis, trading at $28.97, which represents 6.86%. from the previous trading session. 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 $26.25 and resistance at $28.89.

Advanced Micro Devices (NYSE:AMD) is also among the top performers, currently trading at $2.41 representing 5.48% from its previous close. Advanced Micro Devices, the second largest chipmaker in the world has calculated support and resistance levels at $2.25 and $2.59 respectively. The other top performer of the semis is Veeco Instruments (NASDAQ:VECO), which is trading at $29.46 representing 5.1% from the previous trading session.

The semis' worst performers include Novellus Systems (NASDAQ:NVLS) that is trading at $31.54 or -0.28% from the previous close. Shares of Novellus Systems, the equipment maker used for chips manufacturing have defined support at $41.80 and resistance at $47.32. Also among the worst performers is Taiwan Semiconductor (NYSE:TSM), which is currently trading at $17.17 representing 0.2% from the previous trading session.

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



Related Partner Headlines

    You could minimize risk by trading in stock sectors rather than individual stocks. Find out why ETFs are the hottest investment vehicle on the planet. Try ETF Profits for FREE NOW!

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 17,086.63 ▼26.91 (-0.16%)
    o S&P 500 1,987.01 ▲3.48 (0.18%)
    o NASDAQ 4,473.70 ▲17.68 (0.40%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:17,086.63 Trade time:4:31PM EDT Value change:▼26.91 (-0.16%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,987.01 Trade time:4:31PM EDT Value change:▲3.48 (0.18%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,473.70 Trade time:5:15PM EDT Value change:▲17.68 (0.40%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.