SYS-CON MEDIA Authors: Jayaram Krishnaswamy, Lori MacVittie, Gilad Parann-Nissany, Unitiv Blog, Bob Gourley

News Feed Item

Technical Study: SunEdison Inc., ReneSola Ltd, Microchip Technology Inc., and Cavium Inc.

Editor Note: For more information about this release, please scroll to bottom.

LONDON, October 18, 2013 /PRNewswire/ --

The U.S. equity market ended on a mixed note on Thursday, October 17, 2013. The S&P 500 ended the day at 1,733.15, up 0.67%; the Dow Jones Industrial Average closed at 15,371.65, down 0.01%; while the NASDAQ Composite finished at 3,863.15, up 0.62%. Shares in technology-semiconductor sector mostly ended higher, even as the broader market fluctuated between gains and losses. The major movers in the sector included SunEdison Inc. (NYSE: SUNE), ReneSola Ltd (NYSE: SOL), Microchip Technology Inc. (NASDAQ: MCHP), and Cavium Inc. (NASDAQ: CAVM). AAAResearchReports.com free coverage on SUNE, SOL, MCHP, and CAVM is available upon registration at:

http://www.aaaresearchreports.com/register/  

SunEdison Inc.'s stock edged higher on Thursday, extending the gains from the previous trading session. The company's shares closed the day 0.65% higher at $9.27, after oscillating between $9.08 and $9.52. A total of 5.29 million shares were traded, which is below the daily average volume of 6.56 million. The company's shares have surged 27.34% in the last one month, outperforming the S&P 500, which has gained 1.67% during the same period. Furthermore, SunEdison Inc.'s stock is trading above its 50-day and 200-day moving averages of $7.85 and $6.53, respectively. Download free technical research on SUNE by signing up at:

www.AAAResearchReports.com/SUNE101813.pdf

Shares in ReneSola Ltd ended flat on Thursday, as the broader traded between gains and losses. The company's shares closed the day at the previous day's closing price of $5.43, after vacillating between $5.36 and $5.58 during the trading session. A total of 4.42 million shares were traded, which is below the daily average volume of 4.54 million. The company's shares have surged 25.12% in the last one month and 57.85% in the previous three months, outperforming the S&P 500, which has gained 1.67% and 3.11% during the respective periods. Moreover, ReneSola Ltd's stock is trading above its 50-day and 200-day moving averages of $4.68 and $2.85, respectively. Register now and get access to free analysis on SOL at:

www.AAAResearchReports.com/SOL101813.pdf

On Thursday, shares in Microchip Technology Inc. gained 0.70%, extending the gains from the previous trading session. The company's shares closed the day at $40.19, after trading between $39.33 and $40.29. A total of 1.03 million shares were traded, which is below the daily average volume of 1.55 million. The company's shares have gained 0.50% in the previous three months, compared to a gain of 3.11% in the S&P 500 during the same period. Additionally, Microchip Technology Inc.'s stock is trading above its 50-day and 200-day moving averages of $39.73 and $37.31, respectively. Sign up and read our complimentary report on MCHP at:

www.AAAResearchReports.com/MCHP101813.pdf

Cavium Inc.'s stock edged lower on Thursday, extending the losses from the previous trading session. The company's shares vacillated between $40.00 and $40.85 before ending the day 0.47% lower at $40.48. A total of 0.66 million shares were traded, which is above the daily average volume of 0.53 million. Despite Thursday's losses, the company's shares have gained 9.46% in the previous three months, outperforming the S&P 500, which has advanced 3.11% during the same period. Further, Cavium Inc.'s stock is trading above its 50-day and 200-day moving averages of $39.09 and $35.81, respectively. The free report on CAVM can be downloaded by signing up now at:

www.AAAResearchReports.com/CAVM101813.pdf

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNet[email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE AAA Research Reports

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.