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Thanks for the date, Look at the chart,it looks to me that small resistance at 22.50 but at 26 if broken, you should close the gap of between 29-40. It would be nice to chase it on the way up. I also initially bought at 21 then suffered until the rebound of 13, started buyng again at 15, then 18 . Plan to chase this one with one buy at 22.50 then again at 26.50 close.
If they come in with decent earnings and have good things to say about the future then this stock should be in good shape. If new products continue to come out and the new ones do well this stock should be 35-40 in a few months. The turnaround in the semi's is nice and as long as this company can come in with decent results it should do well. If results are poor then who knows.
The stock broke out today on just under 3 million shares. Based on the recovering book-to-bill and the lack of other hot groups in this market, it is poised for a move from 23 to 25. If it passes resistance at that level, it could run to 30. All the stock needs is positive group rotation toward semis. I think it might have been added toi Morgan Stanley's buy list late last week as well.