Sector Wrap - Semis Lower: MRVL, HITT, NETL

mrvl New York, February 21st (TradersHuddle.com) - The Philadelphia Semiconductor Index traded lower at $416.29, representing -1.81% from its previous close. The semiconductor index tumbled with 27 index components on the negative side.

Marvell (NASDAQ:MRVL) was the top performer of the semis, as it traded at $9.3, which represents 0.65%. from the previous trading session. Shares of Marvell, the maker of integrated circuits for communications-related markets have defined support at $6.98 and resistance at $9.56.

Hittite Microwave (NASDAQ:HITT) was also among the top performers, closing the trading session at $64.66 representing -0.12% from its previous close. Hittite Microwave, the maker of integrated circuits, modules, subsystems and instrumentation for technically demanding radio frequency, microwave and millimeterwave applications has calculated support and resistance levels at $58.37 and $66.48 respectively. The other top performer of the semis was (), which traded at $26.95 representing -0.33% from the previous trading session.

The semis' worst performers include Rubicon Technology (NASDAQ:RBCN) that traded at $4.96 or -14.04% from the previous close. Shares of Rubicon Technology, the high-quality sapphire substrates and optical windows have defined support at $5.31 and resistance at $6.10. Also among the worst performers was MEMC Electronic Materials (NYSE:WFR), which closed at $4.77 representing -9.14% from the previous trading session.

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

Note - Automated Content Created By TradersHuddle's Technical Scanner




Related Articles

    Related Partner Headlines

      Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!

      TradersHuddle Search

      Stock Search:


      Site Search:

      Loading

      Technical Scans

      Recent Trading Ideas

      Latest Partner Headlines

      Stock Market

      Loading
      Chart
      o Dow Jones 16,805.41 ▲127.51 (0.76%)
      o S&P 500 1,964.58 ▲13.76 (0.71%)
      o NASDAQ 4,483.71 ▲30.92 (0.69%)
      INDEXDJX:.DJI

      Dow Jones

      Company ID [INDEXDJX:.DJI] Last trade:16,805.41 Trade time:4:30PM EDT Value change:▲127.51 (0.76%)
      INDEXSP:.INX

      S&P 500

      Company ID [INDEXSP:.INX] Last trade:1,964.58 Trade time:4:30PM EDT Value change:▲13.76 (0.71%)
      INDEXNASDAQ:.IXIC

      NASDAQ

      Company ID [INDEXNASDAQ:.IXIC] Last trade:4,483.71 Trade time:5:15PM EDT Value change:▲30.92 (0.69%)

      In The Wires

      Copyright © 2013 TradersHuddle.com. All Rights Reserved.