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Shares of Intersil Under Pressure, Down 2.4%

Published on Fri, 04/05/2013 - 10:29
By Peter Chu

Intersil (NASDAQ:ISIL) is one of today's biggest movers, down 2.4% to $7.87. The Dow is down 0.9% to 14,469 and the S&P is currently down 1.0% to 1,544.

There is potential upside of 9.4% for shares of Intersil based on a current price of $7.87 and an average consensus analyst price target of $8.61. The stock should find initial resistance at its 200-day moving average (MA) of $8.62 and further resistance at its 50-day MA of $8.64.

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.

In the past 52 weeks, Intersil share prices have been bracketed by a low of $6.31 and a high of $15.50 and are now at $7.87, 25% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.5%.

By Peter Chu
pchu@fnno.com