This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RF Micro Merger-TriQuint Puts Focus on Semiconductor Sector Leadership

The 200-Day Simple Moving Average is another technical support or resistance and I consider this level as a shorter-term "reversion to the mean" over a rolling six to 12 month horizon. (even Apple tested or crossed its 200-day SMA in nine of the last 10 years)

Value Levels, Pivots and Risky Levels are calculated based upon the last nine weekly closes (W), nine monthly closes (M), nine quarterly closes (Q), nine semiannual closes (S) and nine annual closes (A). I have one column for pivots, which is a magnet for the period shown. The columns to the left of the pivots are first and second value levels. The columns to the right of the pivots are first and second risky levels.

Investors who wish to buy a stock should use a good-until-canceled GTC limit order to buy weakness to a value level. Investors who want to sell a stock should use a GTC limit order to sell strength to a risky level.

Analog Devices (ADI) ($50.96 up just 0.1% YTD) has a positive weekly chart. The buy-and-trade strategy is to use GTC limit orders to buy weakness to $50.24 or to reduce positions on strength to $52.50.

Must Read: Google's Project Oxygen Pumps Fresh Air Into Management

Altera Corp (ALTR) ($35.91 up 10.5% YTD) has a positive but overbought weekly chart. The buy-and-trade strategy is to use GTC limit orders to buy weakness to $34.80 or to reduce positions on strength to $37.84.

Applied Materials (AMAT) ($19.07 up 7.9% YTD) has a positive weekly chart and the stock set a new multiyear intraday high at $19.38 on Monday. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $17.69.

Advanced Micro Devices (AMD) ($3.71 down 4.1% YTD) has a neutral weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $3.25.

ARM Holdings ($49.14 down 10.2% YTD) has a positive weekly chart. The buy-and-trade strategy is to use GTC limit orders to buy weakness to $47.01 or to reduce positions on strength to $49.67.

Atmel Corp (ATML) ($8.09 up 3.3% YTD) has a neutral weekly chart. The buy-and-trade strategy is to use GTC limit orders to buy weakness to $7.56 or to reduce positions on strength to $8.52.

Avago Tech (AVGO) ($59.57 up 12.7% YTD) has a positive but overbought weekly chart and set a new multiyear intraday high at $60.00 this morning. The buy-and-trade strategy is to use GTC limit orders to buy weakness to $54.38 and to reduce positions on strength to 64.94.

Broadcom ($30.74 up 3.7% YTD) has a positive but overbought weekly chart. The buy-and-trade strategy is to use a GTC limit order to reduce positions on strength to $32.12.

Cree Inc (CREE) ($61.06 down 2.3% YTD) has a neutral weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $55.64 or to reduce positions on strength to $64.80.

Intel Corp (INTC) ($24.63 down 5.1% YTD) has a negative weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $20.26 or to reduce positions on strength to $26.33.

KLA-Tencor (KLAC) ($65.35 up 1.4% YTD) has a positive weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $62.28.

Linear Tech (LLTC) ($46.26 up 1.6% YTD) has a positive weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $44.89.

LAM Research (LRCX) ($52.62 down 3.4% YTD) has a positive weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $50.58 or to reduce positions on strength to $53.18.

Microchip Tech (MCHP) ($45.27 up 1.2% YTD) has a positive weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $38.80 or to reduce positions on strength to $47.05.

Marvell Tech (MRVL) ($15.42 up 7.2% YTD) has a neutral weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $13.97 or to reduce positions on strength to $16.87.

Micron Tech (MU) ($24.75 up 13.8% YTD) has a positive but overbought weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $18.60 or to reduce positions on strength to $25.76.

Maxim Integrated (MXIM)($31.75 up 13.8% YTD) has a positive but overbought weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $18.60 or to reduce positions on strength to $25.76.

Nvidia ($18.91 up 18% YTD) has a positive weekly chart and set a new multiyear intraday high at $19.05 on Monday. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $17.65.

On Semiconductor (ONNN) ($9.42 up 14.3% YTD) has a positive but overbought weekly chart. The buy-and-trade strategy is to use a GTC limit order to reduce positions on strength to $9.88 then $10.37.

Skyworks Solutions ($34.40 up 20.4% YTD) has a positive but overbought weekly chart and traded to a new multiyear intraday high at $34.60 today. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $32.75.

Teradyne (TER) ($20.19 up 14.6% YTD) has a positive but overbought weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $17.40 or to reduce positions on strength to $21.81.

Taiwan Semiconductor($17.69 up 1.5% YTD) has a positive weekly chart. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $16.25 or to reduce positions on strength to $18.62.

Texas Instruments (TXN) ($44.45 up 1.2% YTD) has a positive weekly chart and set a new multiyear intraday high at $44.83 on Monday. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $41.82 or to reduce positions on strength to $45.49.

Xilinx Inc (XLNX) ($51.34 up 11.8% YTD) has a positive weekly chart and set a new multiyear intraday high at $51.90 on Monday. The buy-and-trade strategy is to use a GTC limit order to buy weakness to $47.00.

At the time of publication the author held no positions in any of the stocks mentioned.

Follow @Suttmeier

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff

Richard Suttmeier is the chief market strategist at ValuEngine.com .
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
SMH $48.91 -1.57%
RFMD $16.59 -2.07%
TQNT $80.94 -1.47%
AAPL $109.27 -1.00%
FB $88.26 0.12%

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs