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Today's Research Reports on Trending Tickers: Applied Optoelectronics and Microchip Technology

NEW YORK, NY / ACCESSWIRE / November 8, 2018 / U.S. markets advanced on Wednesday as the midterm election results went according to market expectations. The Democrats took over the House, while the Republicans remained in control of the Senate. The Dow Jones Industrial Average jumped 2.13 percent to close at 26,180.30, while the S&P 500 Index hiked 2.12 percent to close at 2,813.89. The Nasdaq Composite Index closed 2.64 percent higher to close at 7,570.75.

“As President Trump plans his 2020 reelection campaign, a gridlocked Congress is unlikely to deliver any notable wins to help expand his agenda. Therefore, Trump will likely focus on his broad executive powers to affect trade and national security,” said Sun Life Investment Management managing director, investment strategy, Dec Mullarkey.

RDI Initiates Coverage on:

Applied Optoelectronics, Inc.
https://rdinvesting.com/news/?ticker=AAOI

Microchip Technology Incorporated
https://rdinvesting.com/news/?ticker=MCHP

Applied Optoelectronics' stock moved 4.53% lower Wednesday, to close the day at $19.38. The stock recorded a trading volume of 2,371,091 shares, which was above its three months average volume of 1,318,867 shares. In the last year, Applied Optoelectronics' shares have traded in a range of 18.16 - 50.30. The share price has gained 6.72% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $24.28 is below its 200-day moving average of $35.44. Shares of the company are trading at a Price to Earnings ratio of 11.09. Shares of Applied Optoelectronics have fallen roughly 19.22 percent in the past month and are down 48.76 percent year-to-date.

Access RDI's Applied Optoelectronics, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAOI

On Wednesday, shares of Microchip Technology recorded a trading volume of 3,336,876 shares, which was below the three months average volume of 4,437,703 shares. The stock ended the day 0.39% higher at $70.30. The share price has fallen 32.53% from its 52 week high with a 52 week trading range of 60.70 - 104.20. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $71.31 is below its 200-day moving average of $86.49. Shares of the company are trading at a Price to Earnings ratio of 145.25. Shares of Microchip Technology have gained roughly 1.47 percent in the past month and are down 20 percent year-to-date.

Access RDI's Microchip Technology Incorporated Research Report at:
https://rdinvesting.com/news/?ticker=MCHP

Our Actionable Research on Applied Optoelectronics, Inc. (NASDAQ : AAOI ) and Microchip Technology Incorporated (NASDAQ : MCHP ) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com