Semiconductor stock near breakout
Semtech Corp designs analog and mixed-signal ICs used in mobile phones, computers, telecom networks
The price is near 52-week highs 2 years after it gapped down for a -27% loss
Is showing volatility contraction as is forming a big cup & handle with pivot buy around $49
The relative strength ratio with
SMH is also near breaking out and the IBD RS rating is 97, confirming that the stock is a market leader
IBD Quote [research.investors.com/stock-quotes/nasdaq-semtech-smtc.htm]
The price is near 52-week highs 2 years after it gapped down for a -27% loss
Is showing volatility contraction as is forming a big cup & handle with pivot buy around $49
The relative strength ratio with
SMH is also near breaking out and the IBD RS rating is 97, confirming that the stock is a market leaderIBD Quote [research.investors.com/stock-quotes/nasdaq-semtech-smtc.htm]
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