Sensata Technologies Holding N.V. : Today's Technical View on Flextronics Intl., Jabil Circuit, Bruker, and Sensata Technologies
03/08/2013| 08:05am US/Eastern
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LONDON, March 8, 2013 /PRNewswire/ --
The weakness in the global economy had a negative impact on technology spending in
2012. However, the global economy has been strengthening thanks mainly to a strong
recovery in U.S. and a rebound in China. Technology spending from corporate is expected to
rise as a result, benefiting companies such as Flextronics International Ltd. (NASDAQ:
FLEX), Jabil Circuit Inc. (NYSE: JBL), Bruker Corporation (NASDAQ: BRKR) and Sensata
Technologies Holding N.V. (NYSE: ST). On Thursday, technology stocks ended on a mixed note
even as the Dow Jones finished at yet another record high. StockCall initiated free
in-depth technical analysis on FLEX, JBL, BRKR, and ST which are currently available upon
sign up at
http://www.stockcall.com/research
Shares of Flextronics International Ltd. rose sharply in Thursday's trading session,
closing 1.19% higher at $6.78 on volume of 2.86 million. The stock touched an intra-day
high of $6.81 in Thursday's trading session. Flextronics shares have had an excellent run
so far this year, gaining more than 9%, compared to a jump of over 8.20% for the S&P 500.
The company's shares have broken through $6.70 resistance level, which is a bullish
signal. The bullish trend is further confirmed by the MACD chart. The stock's MACD has
just crossed above the signal line, and is also trading above the zero-line. The company's
shares are also trading above their 50-day and 200-day moving averages. Sign up for the
free technical analysis on FLEX at
http://www.StockCall.com/FLEX030813.pdf
Shares of Jabil Circuit Inc. also edged higher in Thursday's trading session, tracking
gains in the broad market. The stock closed 0.54% higher at $18.71 on volume of 2.26
million. Jabil Circuit Inc. shares have now gained more than 2.40% in the last three
trading sessions. Year-to-date, the stock has fallen more than 3%, underperforming the S&P
500. Jabil Circuit Inc. is currently trading on P/E multiple of 10.16. The stock has a
dividend yield of 1.71%. The MACD chart for the printed circuit boards company suggests
that market sentiment may have turned bullish on the stock. This is confirmed by the
stock's recent volume activity. Jabil's shares are currently facing resistance at around
$19. The stock has support at $18.50. Download the free report on JBL by registering at
http://www.StockCall.com/JBL030813.pdf
Shares of Bruker Corp. ended marginally lower in Thursday's trading session. The stock
closed 0.16% lower at $18.61 on volume of 579,784. The company's shares reached a 52-week
high of $18.78 in yesterday's session. Despite the pullback yesterday, Bruker's shares
have gained nearly 3% in the last three trading sessions. Year-to-date, the stock has
gained more than 22%, easily outperforming the broad market. The company's shares are
currently trading above their 50-day and 200-day moving averages, which is a bullish
signal. The bullish trend is further confirmed by the stock's MACD chart. The free report
on BRKR can be downloaded by signing up now at
http://www.StockCall.com/BRKR030813.pdf
Shares of Sensata Technologies Holding N.V. also fell in Thursday's trading session.
However, the losses were limited. The stock closed 0.12% lower at $32.18 on volume of 1.54
million. Year-to-date, the stock has fallen nearly 1%, underperforming the broad market,
which has gained more than 8.20%. Free report on ST can be accessed by registering at
http://www.StockCall.com/ST030813.pdf
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SOURCE StockCall.com
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