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Stock Investors Bid Up Shares of Sanmina-SCI, Up 1.7%

Published on Thu, 01/24/2013 - 11:29
By Adrienne Chilton

Sanmina-SCI (NASDAQ:SANM) is one of today's notable stocks on the rise, up 1.7% to $11.90. The Dow Jones Industrial Average is now trading 0.6% higher to 13,858 and the S&P is trading 0.4% higher to 1,500.

Sanmina-SCI (NASDAQ:SANM) is currently priced 5.2% above its average consensus analyst price target of $11.28. Sanmina-SCI shares have support at the 50-day moving average (MA) of $10.29 and additional support at the 200-day MA of $8.86.

Sanmina-SCI share prices have moved between a 52-week high of $12.55 and a 52-week low of $6.62 and are now trading 80% above that low price at $11.90 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

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.

By Adrienne Chilton
achilton@fnno.com