Wall Street Fundamentals Releases New In-Depth Stock Reports on ARMH, BRCM, MU and SNDK


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Companies Mentioned

NASDAQ:ARMH / NASDAQ:BRCM / NASDAQ:MU / NASDAQ:SNDK
03/05/2014 [ACCESSWIRE]

According to a recent reported from IDC, global smartphone growth are expected to decline sharply over the past few years. Annual growth in the global smartphone market is expected to fall to 19.3 percent this year and continue to fall to 6.2 percent in 2018. Smartphone shipments posted a 39.2 percent increase in 2013. In 2013, the average selling price for a smartphone was $335.00, that number is expected to fall to $260.00 by 2018, IDC said.

ARM Holdings plc (NASDAQ: ARMH) shares traded in the range of $50.18 to $50.76 Tuesday before settling to close at $50.73, an increase of 2.98 percent. The stock appears to be facing some resistance at the $51.78 and $55.16 levels with some support at $50.05 and $48.20. Shares of ARM Holdings have fallen approximately 7.0 percent year-to-date.

More information on ARM Holdings and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/ARMH

Broadcom Corporation (NASDAQ: BRCM) shares traded in the range of $30.00 to $30.32 Tuesday before settling to close at $30.12, an increase of 1.21 percent. The stock appears to be facing some resistance at $31.35 with some support at the $30.06 and $29.62 levels. Shares of Broadcom have gained approximately 2.0 percent year-to-date.

More information on Broadcom and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/BRCM

Micron Technology, Inc. (NASDAQ: MU) shares traded in the range of $24.72 to $25.15 Tuesday before settling to close at $25.11, an increase of 2.57 percent. The stock appears to be facing some resistance at the $25.57 and $26.74 levels with some support at $24.39 and $23.43. Shares of Micron Technology have gained approximately 15.0 percent year-to-date.

More information on Micron Technology and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MU

SanDisk Corporation (NASDAQ: SNDK) shares traded in the range of $75.72 to $76.65 Tuesday before settling to close at $76.26, an increase of 1.52 percent. The stock appears to be facing some resistance at $78.22 with some support at the $75.66 and $73.54 levels. Shares of SanDisk have gained approximately 8.0 percent year-to-date.

More information on SanDisk and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/SNDK

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website:
www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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