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4-Traders Homepage  >  Equities  >  Nasdaq  >  QLogic Corporation    QLGC

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

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03/27/2013 | 01:35pm CET

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

http://www.stockcall.com/analysis

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

http://www.StockCall.com/SWKS032713.pdf

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

http://www.StockCall.com/RFMD032713.pdf

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

http://www.StockCall.com/SOL032713.pdf

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

http://www.StockCall.com/QLGC032713.pdf

About StockCall.com

StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at

http://www.stockcall.com

SOURCE StockCall.com

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