StockCall.com Provides Stock Research on SAIC Inc., Microchip Technology Inc., Infosys Ltd., and TW Telecom Inc.
New York City, New York -- (June 03, 2013)
The technology sector in the U.S. as well as globally faced significant challenges in 2012 as an uncertain economic environment forced businesses to scale back their spending on technology products and services. Meanwhile, the shift to mobile computing has emerged has one of the major trends in the technology sector. Another major trend to emerge in the sector has been cloud computing. Going forward mobile and cloud computing are expected to be the key growth drivers for the technology sector. On Friday, May 31, 2013, the U.S. technology sector ended sharply lower, tracking losses in the broader market which tumbled even as investors digested some robust economic data. The major movers in the sector included SAIC Inc. (NYSE: SAI), Microchip Technology Inc. (NASDAQ: MCHP), Infosys Ltd. (ADR) (NYSE: INFY), and TW Telecom Inc. (NASDAQ: TWTC). StockCall professionals have completed their technical analysis on SAI, MCHP, INFY, and TWTC and these free reports are accessible by registering at
Shares in SAIC Inc. fell sharply on Friday, tracking losses in the broader market. The company’s shares traded between $14.50 and $15.36 before finishing the day 4.92% lower at $14.50. A total of 10.05 million shares were traded in last week’s final trading session which is well above the daily average volume of 2.96 million. However, despite the sharp decline, SAI’s shares are still up over 30.50% so far in 2013. The stock is currently trading over 7% below its 52-week high. It is also trading above its 50- and 200-day moving averages. Sign up for the free technical research on SAI at
Microchip Technology Inc.’s stock was one of the worst performers in the technology sector on Friday. The company’s shares traded between $36.48 and $37.22 before finishing the day 2.04% lower at $36.48. A total of 1.78 million shares were exchanged which is below the daily average volume of 2.17 million. However, despite the sharp decline in the previous week’s last session, the stock is currently trading close to its 52-week high of $37.97. Shares of MU are currently facing resistance at around $37.50. Be sure to read our latest technical research on MCPH by registering at
Shares in Infosys Ltd. rose sharply on Friday, however, failed to hold on to their gains, finishing the day nearly flat. The stock hit an intraday high of $42.68 before paring most of its gains to finish the day 0.07% higher at $41.75. A total of 1.90 million shares were exchanged which is above the daily average volume of 1.82 million. The company’s shares have fallen nearly 1.80% in the last three sessions. The stock is currently trading nearly 24.20% below its 52-week high. Shares of INFY are also trading well below their 50-and 200-day moving averages. Sign up and read the complimentary report on INFY at
TW Telecom Inc.’s stock moved higher on Friday, even as the broader market struggled. The company’s shares hit an intraday high of $28.82 before finishing the day 0.78% higher at $28.53. A total of 1.89 million shares were exchanged which is below the daily average volume of 1.95 million. Shares of TWTC have gained over 1% in the last three sessions. So far this year, the stock has gained over 12%, underperforming the S&P 500. Shares of the company are currently trading 3.32% below their 52-week high. The free report on TWTC can be downloaded by signing up now at
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William T. Knight
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