by Gary S. Morrow | Dec 21, 2021 | Chart of the Day
Shares of Micron Technology are surging today. This powerful earnings driven (Micron’s Stellar Q1 Results Beat Estimates; Shares Up 6.8% (tipranks.com)), surge is driving the stock to new December highs. A close above $90.00 would be its best close since April 16 as...
by Gary S. Morrow | Nov 29, 2021 | Chart of the Day
Lam Research has extended its post earnings gain(10/20/PM) to 26%. This powerful move is driving shares to all-time highs as the new week begins. Upside volume has been running extremely heavy of late. Last week saw three straight days of well above average trade. ...
by Gary S. Morrow | Jul 9, 2021 | Chart of the Day
Shares of AVGO(Broadcom Inc) have been trading sideways in a narrowing range since mid Feb. This healthy consolidation followed a 220% gain off the March 2020 lows. As the week comes to an end the stock is poised for an upside breakout. Solid footing is in place. ...
by Gary S. Morrow | May 24, 2021 | Chart of the Day
Shares of Maxim Integrated Products are extending last week’s breakout. The stock closed out last week at new all time highs after taking out heavy resistance near $98.50. Today MXIM is adding another 1.7% at mid day and is set up well for a fresh rally leg. ...
by Gary S. Morrow | Apr 23, 2021 | Market Update
Xilinx is setting up well for a fresh rally leg. The stock’s steep pullback off the January highs reached major support in early March. Shares have been steadily rebounding since. We consider the stock a fairly low risk buy near current levels. At last...
