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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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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