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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.

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.
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