LONDON, February 28, 2013 /PRNewswire/ --
Markets received a positive catalyst from Fed Chief Ben Bernanke's statement about stimulus funding. The broader indices responded well and soared higher with The Dow Jones closing 1.26% higher at 14,075.37, the S&P 500 closing 1.27% higher at 1,515.99, and the NASDAQ closing 1.04% higher at 3,162.26. Our research team took a look at semiconductor stocks like Micron Technology Inc. (NASDAQ: MU), Rambus Inc. (NASDAQ: RMBS), Texas Instruments Incorporated (NASDAQ: TXN) and Advanced Micro Devices Inc. (NYSE: AMD). StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at http://www.stockcall.com/report
Micron Technology's stock is in a bullish mode and is trading above its 20-day SMA of $8.14. It ended its latest trading session 2.83 percent higher at $8.18 and it oscillated in the range of $7.95 and $8.23 during the session. The stock trades at Beta of 1.30. Micron Technology is expected to face its first resistance level at $8.20. The stock is up 29 percent so far this year, while it gained 2.89 percent in the past 12 months. It traded 21.60 million shares in its latest trading session, in comparison to its usual trading volume of 27.84 million shares. Sign up for the free report on MU at http://www.StockCall.com/MU022813.pdf
Rambus stock closed at $5.62, 1.81 percent higher. The stock traded in the range of $5.48 and $5.67 during the session and is currently below its 20-day moving average price of $5.64. It traded 515,000 shares during the session, in comparison to its usual volume of 688,000 shares. Rambus gained 15.4 percent so far in 2013. Its beta is 1.58. Rambus stock is in a bullish phase and its first resistance level is at $5.80. On the downside, its first support is at $5.60. Upon breaching this level, its second support level will be at $5.35. RMBS free technical report can be accessed by signing up at http://www.StockCall.com/RMBS022813.pdf
With an upward movement in its previous trading session, Texas Instruments is trading 1.57 percent higher for the year. It has grown 2.91 percent in the past 52 weeks. The stock closed up 1.57 percent at $34.29 on volume of 7.10 million shares. Its average trading volume stands at 9.64 million shares. Texas Instruments shares currently face resistance at around $35.57. The stock has support at around $34.28. It is currently trading above its 20-day and 50-day moving average prices of $33.58 and $32.61 respectively, which is a bullish signal. Free report on TXN can be accessed by registering at http://www.StockCall.com/TXN022813.pdf
Advanced Micro Devices traded in the range of $2.45 and $2.55 during its previous trading session. It opened at $2.48 and closed at $2.53, up 2.85 percent. The stock is currently in a bullish mode and has its first resistance level at $2.91. Upon breaching this level, Advanced Micro Devices may go as high as $3.12. The stock traded 10.66 million shares and it is trading below its 20-day moving average price and shows a neutral trend. For 2013 so far, the stock is up 5.42 percent. It lost 66 percent of its value in the past 12 months and traded in the range of $1.81 and $8.35. Register with StockCall and download the research on AMD for free at http://www.StockCall.com/AMD022813.pdf
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