Hot Stock Picks: Stock Upgrades and Downgrades ( BRCM, SCLN, ADI, BBBY )

Los Angelas, CA -- (SBWIRE) -- 09/19/2012 -- Broadcom Corporat (NasdaqNM:BRCM) reported EPS of 1.366. For the Current Fiscal year, the company is expected to report EPS of 2.93. For the Next Quarter and Next Year, the company is expected to report EPS of 0.77 and 3.08 respectively. At Current Market Price, BRCM is in distance of +4.89% from its 50-day Moving Average price of $35.1994 and +6.40% from its 200-day Moving Average price of $34.698. Shares of BRCM opened today at $36.41 and settled the day up $0.83 to $36.92 during the session. The day's trading range is between $36.29 and $36.92 respectively. Performance indicators show that the stock has gained 1.40% within the last week. On the volume side, 9M shares were traded which is greater than the average volume of 7M shares. Broadcom is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $27.59 and 52 week high is $39.66. The stock has a P/E ratio of 26.42 and a dividend yield of 1.08%.

Can BRCM Touch $40 : Find Out here

SciClone Pharmace (NasdaqNM:SCLN) reported EPS of 0.698. For the Current Fiscal year, the company is expected to report EPS of 0.73. For the Next Quarter and Next Year, the company is expected to report EPS of 0.21 and 0.89 respectively. At Current Market Price, SCLN is in distance of +5.46% from its 50-day Moving Average price of $4.997 and -11.27% from its 200-day Moving Average price of $5.9395. SCLN is bouncing strong here right off some near-term support at $4.50 with decent volume. This move is quickly pushing SCLN within range of triggering a near-term breakout trade. That trade will hit once SCLN takes out some near-term overhead resistance at $5.18, and then its 50-day at $5.31 and its 200-day at $5.53 with high volume. Traders should now look for long-biased trades in SCLN as long as it’s trending above $4.50, and then once it sustains a move or close above those breakout levels with volume that’s near or above 679,364 shares. If that breakout triggers soon, then SCLN will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $5.99 to $6.04.

Can SCLN Continue To Move Higher? Find Out Here

Analog Devices, I (NasdaqNM:ADI) reported EPS of 2.139. For the Current Fiscal year, the company is expected to report EPS of 2.13. For the Next Quarter and Next Year, the company is expected to report EPS of 0.56 and 2.52 respectively. At Current Market Price, ADI is in distance of +1.69% from its 50-day Moving Average price of $40.0926 and +6.34% from its 200-day Moving Average price of $38.3378. Unfortunately, ADI fits into the segment of high quality broad based semiconductor supplier. The analyst changed his ratings in a sector rotation call as he looks for outperformance in the face of a smaller than expected market. Freedman believes ADI's growth becomes increasingly predicated on its consumer business (MEMs into iPhone 5) as its other segments could find it tough to achieve seasonal growth rates through the next 1-2 quarters. As a result, ADI's gross margin risk is slightly elevated as a result of his expectation of mix-shift towards the consumer market.

Can ADI Recover After The Recent fall? Find Out Here

Bed Bath & Beyond (NasdaqNM:BBBY) is very active today and traded between $68.22 - 70.10 with total traded volume of 4175840 shares. At a current price of 68.39, BBBY is -2.38 - -3.36% from the previous close of $70.77. Moreover, At Current Market Price, BBBY is in distance of +3.77% from its 50-day Moving Average price of $65.9058 and +2.63% from its 200-day Moving Average price of $66.6384. Oppenheimer said it remains positive on home-furnishings retailer Bed Bath & Beyond Inc.'s (BBBY, $68.39, -$2.38, -3.36%) long-term story but the firm cut its rating to perform from outperform, citing increasing near-term concerns "that the potential for consistent and meaningful sales and earnings upside at BBBY is beginning to wane as recent key product cycles and outsized market share opportunities fade and coupons again emerge as a more significant traffic driver for the chain."

Can BBBY Recover After The Recent fall? Find Out Here

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