Sigma Designs are trading more than 15%
Thursday, August 30, 2007
Shares of Sigma Designs are trading up today more than 15%, after reported quarterly earnings that topped analysts' estimates motivated by the increase chip sales to makers of Internet Protocol television set-top boxes, Blu-ray players and high-definition televisions. Sigma Designs reported net income of $8.6 million, or 32 cents a share, up from $216,000, or 1 cent a share, in the year-ago period. Shares of the company rose more than 13 percent to $43.85 in the late electronic trade, after closing at $38.63 Wednesday on the Nasdaq. Looking at the daily chart with today session, stock is trading in stong Bull Market with all indicators in Bullish areas. Stock eraly in the morning made a new 52 week high at $45.59. Stock at this levels doesn't have resistances above, so keep SIGM in your watchlist.
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.
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: Sigma Designs
