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TMCNet:  Hot Stock: TriQuint Semiconductor, Shares Drop 10.5% (TQNT)

[February 07, 2013]

Hot Stock: TriQuint Semiconductor, Shares Drop 10.5% (TQNT)

Feb 07, 2013 (SmarTrend(R) Spotlight via COMTEX) -- TriQuint Semiconductor (NASDAQ:TQNT) is one of today's worst performing low-priced stocks, down 10.5% to $4.78 on 2.3x average daily volume. TriQuint Semiconductor has traded 5.1 million shares thus far today, vs. average volume of 2.2 million shares per day. The stock has underperformed the Dow (-10.5% to the Dow's -0.7%) and underperformed the S&P 500 (-10.5% to the S&P's -0.7%) during today's trading.
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There is potential upside of 15.1% for shares of TriQuint Semiconductor based on a current price of $4.78 and an average consensus analyst price target of $5.50. The stock should find initial resistance at its 50-day moving average (MA) of $5.00 and further resistance at its 200-day MA of $5.18.

TriQuint Semiconductor share prices have moved between a 52-week high of $7.26 and a 52-week low of $4.30 and are now trading 11% above that low price at $4.78 per share. The 200-day and 50-day moving averages have moved 0.1% lower and 0.97% higher over the past week, respectively.

TriQuint Semiconductor, Inc. designs, develops, manufactures, and markets a variety of high performance analog and mixed signal integrated circuits for the communications markets. The Company utilizes its proprietary gallium arsenide technology to enable its products to overcome the performance barriers of silicon devices in various applications. TriQuint's products are sold worldwide.

SmarTrend is tracking the current trend status for TriQuint Semiconductor and will alert subscribers who have TQNT in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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