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...
by Gary S. Morrow | Apr 7, 2021 | Chart of the Day
Share of AMD are setting up for a fresh rally leg. The stock is working on a 5th straight gain and is now up 10% from the March lows. AMD is far from overbought and is just now beginning to lift off deeply oversold levels(daily/MACD) The $74.00 area has proven to...
by Gary S. Morrow | Apr 1, 2021 | Chart of the Day
Another semi stock moving sharply higher today is Lam Research. Shares are up over 6% putting LRCX in the top 5 $SPX gainers list. This powerful move is driving the stock into new all time high territory as heavy resistance near $604 is taken out. With shares far...
