Siemens AG (ADR)(OTCMKTS:SIEGY) has been trading in a broad trading range over the past couple of weeks. The stock faces resistance at its 200 day moving average at $103.90 while is seen taking support at its 50 day moving average at $96.04. Traders believe only a breach above or below the aforementioned levels would bring to an end the current sideways movement. The only cause for concern for traders has been the momentum indicators, which have given a sell signal indicative of the shift towards the sell side. The relative strength index is trading flat at the current moment.
The annual regional competition organized by Siemens AG (ADR)(OTCMKTS:SIEGY) announced the winners of region two. As per the reports, Sanjana Rane won the top individual honors, whereas Helen Zhang and Robert Luo won the top team honors.
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All three students were engaged in deep research in areas like technology, science, mathematics and engineering. Eventually, their hard work paid off in the best possible manner. After earning the top-notched place in the region two, they have qualified for the national level final competition.
According to reports, Sanjana Rane of Prospect, Ky. was awarded the top individual honor for research work focusing on discovering different ways to treat and detect renal fibrosis. Along with the award, she also got a scholarship worth $3000 to carry-out further research in the same field. Two other contestants named Helen Zhang and Robert Luo conducted an in-depth study on novel therapy for the treatment of AML (acute myeloid leukemia). Looking at their work and the amount of effort put in by them, Siemens declared their team the winner and awarded $6000 to continue their research work.
With this announcement, three of them have reserved spots in the final round of country’s premier high-school competition. They had given presentations based on the findings of their studies to a panel of experts at The University of Austin and Texas. The final round of this competition is going to be conducted in Washington, D.C. between December 4, 2015, and December 8, 2015. Students have a prize money of $500,000 with top two prizes of $100,000 to win in the finals.
This is one of the most acclaimed and sought after high-school competitions in the country, organized by Siemens Foundation and administered by Discovery Education. The staff members of the Siemens Foundation, as well as Discovery Foundation, are looking forward to hosting the final of this competition successfully in the December month.