Thursday, January 13, 2011

High Volume Gainers at NASDAQ Technology Sector: (LVLT, MU, SYMC, MRVL, ONNN)

Level 3 Communications, Inc. (NASDAQ:LVLT ) jumped up by 6.72% and closed at $1.27 whereas overall traded volume stood at 47.55 million shares for the day. The RSI value of 77.28 times depicts that the current share value is in highly overbought level. Micron Technology, Inc. (NASDAQ:MU) moved up by 7.11% to close at $9.34 with total traded volume of 92.05 million shares in the last trading day. Its price to earnings ratio arrives at 5.28 times till its last trading day. The company maintains strong short term liquidity position with current ratio of 2.10 times. Symantec Corporation (NASDAQ:SYMC) closed at $17.63 after surging by 3.16% whereas traded volume stood at 20.65 million shares for the day. The company stands in profit with the profit margin of 13.55%. The current market price is 3.58% more than its last 50 days simple moving average. Marvell Technology Group Ltd. (NASDAQ:MRVL) reported the gain of 2.24% to close at $20.99 with overall traded volume of 12.93 million shares in the last trading day. The share price is likely to move by 1.33 times against 1 point change in market index. ON Semiconductor Corp. (NASDAQ:ONNN ) went up by 2.25% and closed at $11.37 whereas total traded volume stood at 13.05 million shares for the day. The RSI value of 89.52 times depicts that the current share value is in highly overbought level. The company is in highly profitability with ROE of 27.23%. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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