Magnachip Semiconductor Corp. Enters Oversold Territory

Magnachip Semiconductor Corp.’s (MX) share price has entered into oversold territory with a stochastic value of 15.855. The Zacks Consensus Estimate on the company’s earnings for year ending December 2013 increased by 7 cents over the past week to $2.40 per share. Magnachip Semiconductor Corp. is a Zacks Rank #1 (“Strong Buy”) company.

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