NXP Semiconductors (NXPI) has traded higher and higher the past three months as traders, analysts and some hedge fund heavyweights appear to be anticipating a higher bid for the company. I have no special information about the company's deal with Qualcomm (QCOM) , but by looking at the charts and indicators I would come away with the impression that someone is anticipating a higher bid. (NXP Semiconductors is a holding in Action Alerts PLUS, which Jim Cramer co-manages as a charitable trust.)
Charts and technical indicators are typically not useful in this sort of situation in that the price action will typically be capped by the deal price. Nevertheless let's take a look and see what we can glean.
In this daily bar chart of NXPI, below, we cans see how prices traded up to $110. This level capped the advance until early August. From the point that someone was willing to pay more than $110 for NXPI the chart has slowly crept higher. Buyers have been aggressive with a rising On-Balance-Volume (OBV) line. Momentum has diverged from the price action a little form August to October but this indicator is not going to mean much as the market place waits for a deal to close.
This weekly bar chart of NXPI, below, is not revealing but it does show an uptrend. Prices are above the rising 40-week moving average line. The weekly OBV shows a strong uptrend but this should not be hard to imagine as a takeover deal makes it easy for buyers to be aggressive.
In this Point and Figure chart of NXPI, below, we can see the straight up rally from February (look for the "2" on the chart). There is a price target much higher being projected but I think we can take that with a grain of salt.
Bottom line -- NXPI trades like a higher deal price will happen. I have no insights on this but can only say that the trend is up.