Sanmina-SCI Shares Sinking Lower, Down 2.1%

Published on Thu, 04/18/2013 - 12:48
By Mallory Stone in Market movers, SANM, market movers, nasdaq:sanm, sanmina-sci

Sanmina-SCI (NASDAQ:SANM) is one of today's notable stocks in decline, down 2.1% to $10.42. The Dow is trading fractionally lower to 14,590 and the S&P is currently down 0.2% to 1,548.

In the past 52 weeks, shares of Sanmina-SCI have traded between a low of $6.62 and a high of $12.14 and are now at $10.42, which is 57% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

Sanmina-SCI Corporation provides electronics contract manufacturing services to customers located around the world. The Company offers its customers expertise in new product introduction, manufacturing, and design and fabrication of complex interconnect products. Sanmina-SCI specializes in circuit fabrication, system assembly, integration, and high-end enclosures and cabling.

Potential upside of 12.2% exists for Sanmina-SCI, based on a current level of $10.42 and analysts' average consensus price target of $11.69. The stock should hit resistance at its 50-day moving average (MA) of $10.84, as well as support at its 200-day MA of $9.59.

By Mallory Stone
mstone@fnno.com

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