If you take a look at the chart for Inphi, you'll notice that this stock has been uptrending very strong for the last three months and change, with shares soaring from a $7.99 to its recent high of $11.93 a share. During that uptrend, shares of IPHI have been consistently making higher lows and higher highs, which is bullish technical price action. That bullish move has now pushed IPHI within range of triggering a major breakout trade.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts