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Intersil Fulfills the Promise: Up 1.6% Since Last Week's Upgrade

Published on Tue, 03/19/2013 - 09:11
By Mallory Stone

B. Riley Caris (pre-open) upgraded Intersil (NASDAQ:ISIL) from Neutral to Buy a week ago. Intersil shares are selling at $8.66, 1.6% above the $8.52 price point of one week ago.

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.

Intersil (NASDAQ:ISIL) has potential upside of 0.3% based on a current price of $8.59 and analysts' consensus price target of $8.61. The stock should run into initial resistance at its 50-day moving average (MA) of $8.66 and subsequent resistance at its 200-day MA of $8.73.

Intersil share prices have moved between a 52-week high of $15.50 and a 52-week low of $6.31 and are now trading 36% above that low price at $8.59 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.2%.

By Mallory Stone
mstone@fnno.com