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%.
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