QLogic (QLGC) Trading Higher Despite Broker Downgrade
Posted: Wednesday, March 10, 2010 2:37 PM EDT
By: Market Intelligence Center Staff
QLogic (QLGC) was downgraded today by analysts at EVA Dimensions, LLC and the stock is now at $19.48, up $0.08 (0.39%) on volume of 1,577,661 shares traded. EVA Dimensions, LLC downgraded the stock today to Underweight from Sell. Over the last 52 weeks the stock has ranged from a low of $9.42 last March to a high of $21.28 in January. QLogic stock has been showing support around $18.62 and resistance in the $19.96 range. Technical indicators for the stock are neutral and S&P gives QLGC a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for QLGC. [ABR-Seven Summits Strategic Investments NewsBite]
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