|Day Low/High||23.36 / 23.44|
|52 Wk Low/High||11.86 / 23.50|
CY broke out on the upside from a seven-month rectangle formation earlier this month.
It is incredibly healthy to see so many stocks so strong, from so many sectors.
I prefer the bullishly biased long call shooter expiring in December.
On the whole, tech stocks had a solid earnings season. But many richly-valued names sputtered despite releasing decent numbers.
I like this near-the-money, bullishly biased long call shooter expiring in September.
Microsemi looks poised to move higher while Cypress Semiconductor is trending lower.
Though tech M&A activity has cooled a bit, it certainly hasn't evaporated. Here's a look at the buyout prospects for some companies whose names are in the M&A rumor mill.
Stocks like Western Digital take a hit, but they're too cheap to ignore.
Consolidation, strong memory prices and healthy demand from several end-markets continue driving industry profits higher. Some good news is clearly priced in, but maybe not all of it.
We know that we are in the era when index managers are ascendant.
Intel's $15.3 billion purchase of Mobileye could just be the beginning
Industry consolidation has yielded favorable pricing environments for many kinds of chips. Together with good conditions in some big end-markets, the stage is set for a strong 2017.
Daily and weekly charts suggest an upside move could begin sooner than later.
Cypress Semiconductor's CEO Hassane El-Khoury says the company's restructuring plan is on track and says there is big opportunity in autonomous cars and the internet of things.
These names have solid charts, in spite of broader market trends.
Watch the next pullback on light volume, or a breakout over resistance in the $10 to $11 area.