StockCall Pre-Market Review on Apple,, Infinera, and LG Display

Thu Apr 4, 2013 8:36am EDT

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LONDON,  April 4, 2013  /PRNewswire/ --

U.S. equity market tumbled on Wednesday as concerns over  North Korea  and some
disappointing economic data weighed down investors' sentiment. The second
quarter has begun on a weak note for the U.S. equity market following the rally
in the first quarter. Yesterday, all three benchmark indexes posted significant
losses. Technology sector was among the worst performers in the S&P 500. Among
the major movers in the technology sector were Apple Inc. (NASDAQ: AAPL), Inc. (NYSE: CRM), Infinera Corp. (NASDAQ: INFN), and LG Display
Co. Ltd. (NYSE: LPL). StockCall analysts initiated preliminary technical
research on AAPL, CRM, INFN, and LPL. These free reports are accessible by
signing today at

Despite the sharp decline in the technology sector, shares of iPhone maker Apple
Inc. edged higher on Wednesday. The stock ended the day 0.51% higher at  $431.99
 after touching an intra-day high of  $437.28. For the week, though, Apple's
shares are still down more than 2.50%. The company's shares have fallen more
than 18% this year even as the broad market has rallied. The stock has continued
its slide, which began in the fourth quarter of 2012. Shares of AAPL currently
face stiff resistance at  $440. The stock has strong support at around  $420.
The free technical analysis on AAPL is available by signing up at

Shares of were among the major losers in the technology sector
yesterday. The stock fell to an intra-day low of  $166.69  before finishing the
day 3.89% lower at  $168.51. For the week,'s shares are now down
more than 5.70%. The stock has pared most of its gains for the year as a result
of the losses this week. Year-to-date, the company's shares are now up just
0.24%. The stock is currently trading more than 10% below its 52-week high.
Shares of CRM have seen a sharp pullback after the stock hit its 52-week high
last month. Register now to download the free research on CRM at

Another major loser in the technology sector on Wednesday was Infinera Corp.
Shares of the  Sunnyvale, California-based company fell 3.68% to finish the day
at  $6.28  after touching an intra-day low of  $6.23. The stock has now fallen
more than 10.20% for the week. Despite posting significant losses this week,
Infinera's shares are still up more than 8% for the year. The stock has fallen
sharply after failing to break through  $7.25  resistance level. The
Communication Equipment company's shares have slipped below their 50-day moving
average this week, which is a bearish signal. The stock's MACD has also crossed
below the signal line and the zero-line, further confirming this negative trend.
Free report on INFN can be accessed by registering at

Shares of LG Display Co. Ltd. also edged lower in its last trading session,
extending their losses for the week. The stock ended the day 1.63% lower at 
$13.85, which was also its intra-day low on Wednesday. LG Display's shares have
now fallen more than 5% for the week. The stock has pared all of its gains for
the year as a result of the losses this week. Year-to-date, the company's shares
are now down more than 4.30%. The stock has also slipped below  $14  support
level, which is a bearish signal. Register with StockCall and download the
research on LPL for free at

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