Volume spike today on ON Semiconductor Corp.
Monday, December 11, 2006
Chart courtesy of stockcharts
Shares of ONNN surged today more 4% to 7.82$ with higher-than-normal volume. The chip maker ON Semiconductor Corp. announced today that has priced an offering of $440 million in convertible senior subordinated notes. This run up (December) was great however it's very strained now and it's trading in Overbought conditions so a pull back in this stock is expected.
Stock to watch tomorrow : ADCT , MATK , MBT
Trade Alerts : AMED , CMTL , CVTX , EPIQ , HUMC
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: ONNN
