user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 449669 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Bullish Moving Average Cross by Spreadtrum Communications (SPRD)

Published on Wed, 02/27/2013 - 12:20
By Mallory Stone

Spreadtrum Communications (NASDAQ:SPRD) shares have crossed bullishly above their 10-day moving average of $15.83 on a volume of 337K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Spreadtrum Communications, Inc. is a fabless semiconductor company that designs, develops, and markets baseband processor solutions for the wireless communications market.

Over the past year, Spreadtrum Communications has traded in a range of $12.63 to $23.20 and is now at $16.16, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

There is potential upside of 29.7% for shares of Spreadtrum Communications based on a current price of $16.16 and an average consensus analyst price target of $20.96. The stock should run into initial resistance at its 50-day moving average (MA) of $16.64 and subsequent resistance at its 200-day MA of $18.31.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Shares of Washington Real Estate Investment Trust (NYSE:WRE) traded at a new 52-week hi ...

Shares of WR Berkley Rise Above Previous...

WR Berkley (NYSE:WRB) traded at a new 52-week high today of $48.01. Approximately 221, ...

Shares of WPX Energy Rise Above Previous...

WPX Energy (NYSE:WPX) traded at a new 52-week high today of $25.05. This new high was ...

WP Carey Looks to Continue to Trade Abov...

WP Carey (NYSE:WPC) traded today at a new 52-week high of $69.12. Approximately 185,00 ...

Recent 52-Week High Exceeded in Shares o...

VCA Antech (NASDAQ:WOOF) traded today at a new 52-week high of $39.57. This new high w ...

Waste Management: 52-Week High Recently ...

Shares of Waste Management (NYSE:WM) traded today at $46.92, breaking its 52-week high. ...

Recent 52-Week High Exceeded in Shares o...

Shares of Vector Group (NYSE:VGR) traded at a new 52-week high today of $23.20. So far ...

Recent 52-Week High Exceeded in Shares o...

Union Pacific (NYSE:UNP) traded at a new 52-week high today of $106.30. Approximately ...