Stock Investors Sell Off Shares of Intersil, Down 1.4%

Published on Wed, 06/19/2013 - 11:00
By Adrienne Chilton in Market movers, ISIL, intersil, market movers, nasdaq:isil

Intersil (NASDAQ:ISIL), a company whose shares are moving quickly, is trading 1.4% lower to $7.56. The S&P is currently trading fractionally lower to 1,650 and the Dow Jones Industrial Average is trading fractionally lower to 15,305.

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.

Over the past year, Intersil has traded in a range of $6.31 to $15.50 and is now at $7.56, 20% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.3%.

Potential upside of 16.3% exists for Intersil, based on a current level of $7.56 and analysts' average consensus price target of $8.80. The stock should run into initial resistance at its 50-day moving average (MA) of $7.87 and subsequent resistance at its 200-day MA of $8.12.

By Adrienne Chilton
achilton@fnno.com

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