Chips Beating and Challening 52-Week Highs (INTC, LLTC, SMH, AMD)

Posted in pre-market 
April 14th, 2010

Chip stocks are almost all trading higher this morning after Intel Corporation (NASDAQ: INTC) and Linear Technology Corp. (NASDAQ: LLTC) beat earnings and gave upbeat outlooks.  LLTC is up 3.5% at $30.69 on 40,000 shares, versus a 52-week range of $20.26 to $31.21.  Intel is up 4.7% at $23.85 above yesterday’s $22.82 high of the last 52-weeks and on over 2 million shares.  Semiconductor HOLDRs (NYSE: SMH) is up 3.2% at $29.90 on 30,000 shares.  Advanced Micro Devices Inc. (NYSE: AMD) is up 3.7% at $9.92 on 70,000 shares versus a 52-week range of $3.17 to $10.04. (8:32 AM EST)

JON OGG

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