New York, NY -- (ReleaseWire) -- 01/03/2013 --ON Semiconductor Corp. (NASDAQ: ONNN), a supplier of silicon solutions for energy efficient electronics, is marginally lower in mid-day trading today. At last check, ONNN was trading 0.14% lower at $7.36 on volume of 5.08 million, which is below the daily average volume of 6.22 million.
ONNN had risen sharply in the last two trading sessions, gaining more than 4%. On Wednesday, the stock broke through $7.10 resistance level. Technical indicators for ONNN are still giving bullish signals. The stock could continue to rise before facing resistance at around $8. If it breaks through this level then the next resistance level will be at $8.40.
Find out if ONNN could pick up more steam in the upcoming trading sessions by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=ONNN
News Corp. (NASDAQ: NWSA), a diversified media company, is down in mid-day trading today, reversing some of the gains from earlier in the week. NWSA is currently trading 0.75% lower at $26.41 on volume of 5.90 million, which is over a third of the daily average volume of 15.49 million. Despite the pullback, NWSA has gained more than 7% this week.
NWSA broke through $25.5 resistance level as a result of the gains earlier in the week. The stock has seen a pullback from around $26.71, which is its 52-week high. NWSA has support at around $26. If the stock falls below this level then the next support level is at $25.5.
Find out where NWSA could be headed in the near future by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=NWSA
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Potential Gainers with High Volume in Today's News: (NASDAQ: ONNN), (NASDAQ: NWSA)