TriQuint Semiconductor : The bullish trend is not over
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$8.5 | $9.5 | $8.16 | +11.76% |
The surperformance Ratings for the company is excellent as well for a trading (91%) or Investment (96%) horizon.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, 20-day moving average helps the stock to keep its uptrend.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position on the breakout of the USD 8.55 resistance. The first target price is the USD 9.5, corresponding to the bullish trend. A stop loss will be placed under the USD 8.23 short term support, threshold that would invalidate this trading strategy.