New York (December 14th, 2012) - Tower Semiconductor Ltd. (NASDAQ: TSEM), an independent specialty foundry dedicated to the manufacturing of semiconductors, is marginally lower in mid-day trading today. At last check, TSEM was trading 0.70% lower at $8.55. The stock has now fallen more than 5% in the last three trading sessions.
TSEM has slipped after hitting $9 resistance level. The stock has struggled to break through this level over the past few months. TSEM currently has support at around $8.50. A strong bearish trend will be established if the stock falls below this level. The next support level after $8.50 is at $8.
Find out what traders and investors need to do regarding TSEM by getting the free full report here: http://www.monstertradingalerts.com/market-scan/?symbol=TSEM
News Corporation (NASDAQ: NWSA), a diversified global media company, is down sharply in mid-day trading today. At last check, NWSA was trading 1.22% lower at $24.36 on volume of 9.06 million, which is more than half the daily average volume of 16.11 million.
NWSA has fallen more than 2% for the week. The stock has been struggling to break through $25 resistance level in the last few weeks. NWSA has support at around $24. If the stock falls below this level then the next support level will be at $23. Technical indicators for NWSA currently suggest that the downward slide will continue.
NWSA on Thursday announced that its FOX News Channel dominated cable news viewership for 11th consecutive year. Earlier this month, the company also provided details regarding proposed separation of its businesses.
Find out more about NWSA by getting the free full report here:
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