Today's Technical View on Lam Research, Teradyne, ASML Holding, and Mindspeed Technologies

Tue Mar 26, 2013 8:40am EDT

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LONDON,  March 26, 2013  /PRNewswire/ --

While  Cyprus  reached a late deal to avert a financial crisis, the markets
still were weighed down. The Technology sector saw good activity as Dell Inc.
(NASDAQ: DELL) received rival bids for the buy-out at  $15  apiece. However, the
benchmark index NASDAQ closed 0.30 percent lower at 3,235.30 and the markets are
likely to remain subdued this week. Our research team followed technology sector
and tracked the movements of major companies like Lam Research Corp. (NASDAQ:
LRCX), Teradyne Inc. (NYSE: TER), ASML Holding NV (NASDAQ: ASML) and Mindspeed
Technologies Inc. (NASDAQ: MSPD), all of which belong to the Semiconductor
Equipment & Materials industry. StockCall initiated free in-depth technical
analysis on LRCX, TER, ASML, and MSPD which are currently available upon sign up

Lam Research Corp. is currently in a bearish mode as the stock ended its
previous trading session at  $40.93, up 0.91 percent. The stock traded in the
range of  $40.68  and  $41.06  during Monday's session. Its first support level
is at  $40.86  and upon breaching this level the stock may go down to  $38.81 
level. On the upside, Lam Research's stock may touch  $41.81  level. The stock
has traded in the range of  $31.17  and  $45.29  in the past 52 weeks and it
declined by 6.6 percent during the same time period. On a Year-to-Date basis,
the stock is up 14.75 percent. Sign up for the free technical analysis on LRCX

Teradyne Inc.'s shares traded upward for its Monday's session, ending the day
0.57 percent higher at  $15.90. The stock fell to an intra-day low of  $15.72,
while its intra-day high stood at  $15.99. Despite the upward movement, Teradyne
Inc. has lost more than 3 percent this year, compared to a gain of 10.64 percent
for the S&P 500. The company's shares have strong support at around  $15.13, as
the stock shows a neutral trend. The stock is trading lower than its 20-day and
50-day moving averages. Download the free report on TER by registering at

ASML Holding NV's stock grew mildly in its latest trading session. The stock
closed 0.53 percent higher at  $68.68  with 1.24 million share volume yesterday.
With this upward movement, the stock is up more than 8 percent for the year. In
the past 52 weeks, ASML is up 10.7 percent. The stock currently has support at 
$67.01  level. The stock's MACD chart shows neutral trend. The company may face
its first resistance level at  $70.88. Upon breaching this level, the stock may
go as high as  $71.23. The free report on ASML can be downloaded by signing up
now at   

Shares of Mindspeed Technologies Inc. dropped sharply in yesterday's session,
tracking movement in the broad market. The stock closed 6.09 percent lower at 
$3.70  on above average volume of 1.06 million on Monday. Mindspeed Technologies
shares have declined more than 16 percent this year, underperforming the broad
market. It has support at  $3.63. The company's shares are trading below their
20-day and 50-day moving average price of  $4.29  and  $4.56  respectively. The
stock's MACD is also trading below the signal line and the zero-line. Both of
these are bearish signals. Mindspeed Technologies trades at beta of 2.19 and
thus is a highly volatile stock. Free report on MSPD can be accessed by
registering at

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