Friday, February 17, 2017

2/16/2017: stock pick Cirrus (CRUS)

The post  earning's stock price of audio chipset provider for apple: Cirrus (CRUS)   got pretty good dent. However, recent 2 trading sessions, price started to climb up back. Following are some technical characters of the chart:


  • The gap up from last August short term trend line still hold up
  • all STOs bottomed up
  • RSIs pointed up
  • MACD energy bar bottom up



In summary: the recommendation is buy, the buy entry: 54~55, upside target: 57 or gap fill at 62, stop below 52.8 or the trend line.

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