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Zacks #1 Stocks on the Move 10/09/2015

Company Name Symbol %Change
QLogic Makes a Move: Up 2.3%

Print Share

Dec 11, 2014 (Market movers via COMTEX) -- One of today's notable stocks on the rise is QLogic (NASDAQ:QLGC), up 2.3% to $11.67. The Dow Jones Industrial Average is now trading 1.2% higher to 17,739 and the S&P is trading 1.3% higher to 2,053.

QLogic Corp. supplies high performance storage networking solutions and networking infrastructure solutions which are sold primarily to original equipment manufacturers and distributors. The Company produces host bus adapters and Fibre Channel switches including core, blade and stackable switches. QLogic also supplies enclosure management and baseboard management products.

QLogic share prices have moved between a 52-week high of $19.00 and a 52-week low of $8.63 and are now trading 35% above that low price at $11.67 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

QLogic (NASDAQ:QLGC) is currently priced 5.0% above its average consensus analyst price target of $11.08. QLogic shares have support at the 50-day moving average (MA) of $11.04 and additional support at the 200-day MA of $10.57.


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