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Advanced Micro Devices, Inc. Message Board

  • taexpert928 taexpert928 Sep 8, 2011 4:00 PM Flag

    On the other hand MIPS should get bought out

    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.

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