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The shares of STMicroelectronics NV (NYSE:STM) are up 1.6% at $45.46 this afternoon, and while there’s no driving news for the positive price action, the rise has STM inching closer to its Sept.15, 20-year high of $40.39, and set to close back atop its 10-day moving average after a brief dip below the trendline during yesterday’s broad-market selloff.
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