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Technical Study: SunEdison Inc., ReneSola Ltd, Microchip Technology Inc., and Cavium Inc.

Editor Note: For more information about this release, please scroll to bottom.

LONDON, October 18, 2013 /PRNewswire/ --

The U.S. equity market ended on a mixed note on Thursday, October 17, 2013. The S&P 500 ended the day at 1,733.15, up 0.67%; the Dow Jones Industrial Average closed at 15,371.65, down 0.01%; while the NASDAQ Composite finished at 3,863.15, up 0.62%. Shares in technology-semiconductor sector mostly ended higher, even as the broader market fluctuated between gains and losses. The major movers in the sector included SunEdison Inc. (NYSE: SUNE), ReneSola Ltd (NYSE: SOL), Microchip Technology Inc. (NASDAQ: MCHP), and Cavium Inc. (NASDAQ: CAVM). AAAResearchReports.com free coverage on SUNE, SOL, MCHP, and CAVM is available upon registration at:

http://www.aaaresearchreports.com/register/  

SunEdison Inc.'s stock edged higher on Thursday, extending the gains from the previous trading session. The company's shares closed the day 0.65% higher at $9.27, after oscillating between $9.08 and $9.52. A total of 5.29 million shares were traded, which is below the daily average volume of 6.56 million. The company's shares have surged 27.34% in the last one month, outperforming the S&P 500, which has gained 1.67% during the same period. Furthermore, SunEdison Inc.'s stock is trading above its 50-day and 200-day moving averages of $7.85 and $6.53, respectively. Download free technical research on SUNE by signing up at:

www.AAAResearchReports.com/SUNE101813.pdf

Shares in ReneSola Ltd ended flat on Thursday, as the broader traded between gains and losses. The company's shares closed the day at the previous day's closing price of $5.43, after vacillating between $5.36 and $5.58 during the trading session. A total of 4.42 million shares were traded, which is below the daily average volume of 4.54 million. The company's shares have surged 25.12% in the last one month and 57.85% in the previous three months, outperforming the S&P 500, which has gained 1.67% and 3.11% during the respective periods. Moreover, ReneSola Ltd's stock is trading above its 50-day and 200-day moving averages of $4.68 and $2.85, respectively. Register now and get access to free analysis on SOL at:

www.AAAResearchReports.com/SOL101813.pdf

On Thursday, shares in Microchip Technology Inc. gained 0.70%, extending the gains from the previous trading session. The company's shares closed the day at $40.19, after trading between $39.33 and $40.29. A total of 1.03 million shares were traded, which is below the daily average volume of 1.55 million. The company's shares have gained 0.50% in the previous three months, compared to a gain of 3.11% in the S&P 500 during the same period. Additionally, Microchip Technology Inc.'s stock is trading above its 50-day and 200-day moving averages of $39.73 and $37.31, respectively. Sign up and read our complimentary report on MCHP at:

www.AAAResearchReports.com/MCHP101813.pdf

Cavium Inc.'s stock edged lower on Thursday, extending the losses from the previous trading session. The company's shares vacillated between $40.00 and $40.85 before ending the day 0.47% lower at $40.48. A total of 0.66 million shares were traded, which is above the daily average volume of 0.53 million. Despite Thursday's losses, the company's shares have gained 9.46% in the previous three months, outperforming the S&P 500, which has advanced 3.11% during the same period. Further, Cavium Inc.'s stock is trading above its 50-day and 200-day moving averages of $39.09 and $35.81, respectively. The free report on CAVM can be downloaded by signing up now at:

www.AAAResearchReports.com/CAVM101813.pdf

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SOURCE AAA Research Reports

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