JP Morgan upgraded Intersil (NASDAQ:ISIL) from Underweight to Neutral a week ago. The stock closed at $8.54, which is 5.8% lower than the price one week ago ($9.07).
Intersil Corporation designs and manufactures high performance analog semiconductors. The Company's products are used in flat panel displays, optical storage, and power management applications.
Over the past year, Intersil has traded in a range of $6.31 to $15.50 and is now at $8.47, 34% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.3%.
Based on a current price of $8.47, Intersil is currently 4.3% above its average consensus analyst price target of $8.10. Intersil shares should encounter resistance at the 200-day moving average (MA) of $8.99 and support at the 50-day MA of $8.23.