Yeah say it ain't so. My love affair with semiconductor stocks continues. In using my technical analysis screen, the next stock I am looking to recommend is Exar Corp (NASDAQ: EXAR). This is another integrate circuit semiconductor stock very similar to my Radisys selection. Stay tuned for a detailed analysis but for now:
~ Resistance: Near 52 week low levels
~ Bullish on sector: Technology
~ Catalyst: Technical support at recommended price points
I would add this to my Urbanomics Tracker, provided by socialpicks.com, however they appear to still be having technical difficulties.
Recommended Price Points: Accumulate shares in the range of $5.59-5.71. Look for pullbacks to build in a margin of safety.
No comments:
Post a Comment