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QLogic Corporation : Technical Briefing on Skyworks Solutions, RF Micro Devices, ReneSola, and QLogic

03/27/2013 | 07:35am US/Eastern

LONDON, March 27, 2013 /PRNewswire/ --

2012 was a challenging year for the semiconductor industry as a slowdown in the global economy hurt technology spending from businesses. While economic environment has improved since the start of this year, semiconductor companies such as Skyworks Solutions Inc. (NASDAQ: SWKS), RF Micro Devices Inc. (NASDAQ: RFMD), ReneSola Ltd. (NYSE: SOL) and QLogic Corporation (NASDAQ: QLGC) face significant challenges. StockCall has posted free technical research reports on SWKS, RFMD, SOL, and QLGC and these can be accessed by signing up at

Shares of Skyworks Solutions Inc. rose sharply in trading on Tuesday as the broad market rallied. The stock ended the day 1.55% higher at $21.60 after touching an intra-day high of $21.76. Year-to-date, Skyworks shares have now gained more than 6.70%, compared to a gain of more than 9.60% for the S&P 500. The company's shares are trading 31.30% below their 52-week high of $31.44. The stock is also trading below its 50-day and 200-day moving averages, which is a bearish signal. The stock currently faces stiff resistance at around $22. Download the free report on SWKS upon registration at

Shares of RF Micro Devices Inc. saw a huge rally in trading on Tuesday. The stock closed 6.92% higher at $5.25 after touching an intra-day high of $5.40. The company's shares are now trading close to their 52-week high of $5.43. The stock has had an excellent run over the past one month, gaining more than 19%. Year-to-date it has gained more than 17%, outperforming the broad market. RF Micro Devices shares broke through $5.20 resistance level yesterday, which is a bullish signal. The upbeat trend is further confirmed by the stock's MACD chart. RFMD technical report can be accessed for free by signing up at

Shares of China-based ReneSola Ltd. edged higher on Tuesday; however, the gains were limited. The stock closed 0.66% higher $1.53 after touching an intra-day high of $1.54. ReneSola's shares are still down more than 12% in the last three trading sessions. The stock has fallen more than 34% in the last one month. The company's shares have seen a series of lows over the past two weeks, which is a bearish signal. The stock is now trading close to $1.50 support level. Shares of SOL have pared all of their gains for the year as a result of the sharp decline in the last one month. Free report on SOL can be accessed by registering at

QLogic Corporation shares edged higher yesterday, reversing some of the losses from previous trading sessions. The stock ended the day 0.69% higher at $11.74 after touching an intra-day high of $11.89. Despite the gains on Tuesday, the company's shares are still down more than 2% in the last three sessions. Year-to-date, however, the stock is still up more than 20%, easily outperforming the S&P 500. QLogic's shares have seen a pullback after the stock failed to break through $12.25 resistance level. The stock is still trading above its 50-day and 200-day moving averages. It currently has support at around $11.50. Register with StockCall and download the research on QLGC for free at

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