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SOURCE AAA Research Reports
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LONDON, October 23, 2013 /PRNewswire/ --
On Tuesday October 22, 2013, the S&P 500 ended the day at 1,754.67, up 0.57%; the Dow Jones Industrial Average closed at 15,467.66, up 0.49%; and the NASDAQ Composite finished at 3,929.57, up 0.24%. Shares in the semiconductor - integrated circuits industry ended mostly on a lower note, even as the broader market posted gains. The major movers in the industry included Broadcom Corporation (NASDAQ: BRCM), Marvell Technology Group Ltd (NASDAQ: MRVL), Applied Micro Circuits Corporation (NASDAQ: AMCC), and PMC-Sierra Inc. (NASDAQ: PMCS). AAAResearchReports.com has completed their technical analysis on BRCM, MRVL, AMCC, and PMCS and these free reports are accessible by registering at:
Shares in Broadcom Corp. edged lower on Tuesday, ending the day 0.66% lower at $27.14 after oscillating between $26.92 and $27.50 during the trading session. A total of 14.70 million shares were traded, which is above the daily average volume of 10.99 million. The company's stock is up 0.33% in the previous three trading sessions, underperforming the S&P 500, which has advanced 1.24% during the same period. Moreover, Broadcom Corp.'s stock is trading above its 50-day moving average of $26.28. Sign up for free technical research on BRCM at:
On Tuesday, Marvell Technology Group Ltd's stock advanced to close at $12.17, up 1.25% from the previous day's closing price of $12.02. The company's shares fluctuated between $11.93 and $12.22 during the trading session. A total of 8.74 million shares were traded, which is above the daily average volume of 6.38 million. The company's shares have advanced 3.57% in the previous three trading sessions, outperforming the S&P 500 which has gained 1.24% during the same period. Furthermore, Marvell Technology Group Ltd's stock is trading above its 50-day and 200-day moving averages of $12.12 and $11.02, respectively. Be sure to read our latest technical research on MRVL by registering at:
Applied Micro Circuits Corp.'s stock ended lower on Tuesday, even as the broader market finished on a positive note. The company's shares fluctuated between $13.52 and $14.11 before finishing the day 1.50% lower at $13.79. A total of 0.60 million shares were traded, which is below the daily average volume of 0.88 million. Despite Tuesday's losses, the company's shares have gained 7.82% in the previous one month and 25.25% in the last three months, outperforming the S&P 500, which has advanced 2.62% and 3.49% during the respective periods. Additionally, Applied Micro Circuits Corp.'s stock is trading above its 50-day and 200-day moving averages of $12.37 and $9.57, respectively. Sign up and read the complimentary report on AMCC at:
On Tuesday, PMC-Sierra Inc.'s stock fell by 1.78% to $6.89, after vacillating between $6.83 and $7.06 during the trading session. A total of 1.49 million shares were traded, which is below the daily average volume of 1.77 million. The company's shares have gained 4.64% in the previous one month, outperforming the S&P 500 which has gained 2.62% during the same period. Despite Tuesday's losses, PMC-Sierra Inc.'s stock is trading near its 52-week high of $7.14 and also above its 50-day and 200-day moving averages of $6.51 and $6.34, respectively. The free report on PMCS can be downloaded by signing up now at:
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