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Downgrade Alert for Applied Micro Circuits (AMCC)
[January 31, 2013]

Downgrade Alert for Applied Micro Circuits (AMCC)

Jan 31, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Applied Micro Circuits (NASDAQ:AMCC) was downgraded from Buy to Hold at Craig-Hallum today. The stock closed yesterday at $8.66 on volume of 982,000 shares, above average daily volume of 605,000. Applied Micro Circuits Corporation designs, develops, manufactures, and markets high-performance, high-bandwidth silicon solutions for the world's communications infrastructure. The Company provides products for the automated test equipment, high-speed computing, and military markets.

Applied Micro Circuits (NASDAQ:AMCC) has potential upside of 23.2% based on a current price of $8.66 and analysts' consensus price target of $10.67. Applied Micro Circuits shares have support at the 50-day moving average (MA) of $8.08 and additional support at the 200-day MA of $6.12.

Over the past year, Applied Micro Circuits has traded in a range of $4.28 to $9.64 and closed yesterday at $8.66, 102% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 2.1%.

SmarTrend recommended that subscribers consider buying shares of Applied Micro Circuits on October 26th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.66. Since that recommendation, shares of Applied Micro Circuits have risen 53.0%. We continue to monitor AMCC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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