Trading Higher on Heavy Volume are Shares of Intersil on 1.2x Above-Average Volume (ISIL)

Published on Fri, 06/21/2013 - 15:27
By Mallory Stone in Unusual volume, ISIL, intersil, nasdaq:isil, unusual volume

Shares of Intersil are trading up 2.4% to $7.77 today on above average volume. About 1.1 million shares have been traded today, as compared to the 30-day average volume of 881,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 $7.77, 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.3%.

Potential upside of 13.2% exists for Intersil, based on a current level of $7.77 and analysts' average consensus price target of $8.80. The stock should run into initial resistance at its 50-day moving average (MA) of $7.85 and subsequent resistance at its 200-day MA of $8.11.

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.

By Mallory Stone
mstone@fnno.com

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