ISI Group Made the Right Call, Intersil 0.6% Higher (ISIL)

Published on Mon, 03/11/2013 - 09:12
By Adrienne Chilton in Analyst reflections, ISIL, analyst reflections, intersil, nasdaq:isil

One week ago Intersil (NASDAQ:ISIL) was upgraded from Sell to Cautious at ISI Group. The stock closed at $8.38, which is 0.6% higher than the price one week ago ($8.33).

Intersil (NASDAQ:ISIL) has potential upside of 3.0% based on a current price of $8.36 and analysts' consensus price target of $8.61. The stock should run into initial resistance at its 50-day moving average (MA) of $8.60 and subsequent resistance at its 200-day MA of $8.78.

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 share prices have moved between a 52-week high of $15.50 and a 52-week low of $6.31 and are now trading 32% above that low price at $8.36 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.6%.

By Adrienne Chilton
achilton@fnno.com

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