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Applied Micro Circuits Makes a Move: Up 1.6%

Published on Mon, 03/11/2013 - 12:25
By Mallory Stone

Applied Micro Circuits (NASDAQ:AMCC) is a company whose shares are active, trading 1.6% higher to $8.21. The S&P is trading fractionally higher to 1,553 and the Dow is trading 0.2% higher to 14,423.

Applied Micro Circuits Corporation designs, develops, manufactures, and markets high-performance, high-bandwidth silicon solutions for the world's communications infrastructure. The Company provides products for the automated test equipment, high-speed computing, and military markets.

Applied Micro Circuits (NASDAQ:AMCC) has potential upside of 27.9% based on a current price of $8.21 and analysts' consensus price target of $10.50. The stock should hit resistance at its 50-day moving average (MA) of $8.63, as well as support at its 200-day MA of $6.44.

Over the past year, Applied Micro Circuits has traded in a range of $4.28 to $9.64 and is now at $8.21, 92% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has declined 0.3%.

By Mallory Stone