Capstone raises to Buy from Hold with PT 7 USD 6 minutes ago
(SmarTrend(R) Spotlight via COMTEX) --
MIPS Technologies (NASDAQ:MIPS) upgraded to Buy from Hold at Capstone. The stock closed yesterday at $5.46 on volume of 1,296,600 shares, below the average daily volume of 1,765,299.
In the past 52-weeks, shares of MIPS Technologies have traded between a low of $3.87 and a high of $18.19 and are now at $5.46, which is 41.1% above that low price.
MIPS Technologies should find initial resistance at its 50-day moving average (MA) of $6.16 and further resistance at its 200-day MA of $10.34. In the last five trading sessions, the 50-day MA has fallen 1.23% while the 200-day MA has slid 1.39%.
MIPS Technologies, Inc. designs high-performance processors and related intellectual property for use in a variety of consumer devices and business equipment. The Company's processor designs are based on 32- and 64-bit reduced instruction set computing architectures. MIPS licenses its processor designs and related intellectual property to semiconductor manufacturers.