LSCC broke resistance and looking to move higher!
LSCC (Lattice Semiconductor Corporation) showing signs of going higher. It recently broke out of the ascending triangle resistance around $58.38 but not with more volume than average.
Fundamentally: The company's been doing pretty well with its earnings growing consistently year-over-year.
Looking at technicals I think the price will go sideways in the coming week and may retest the $57.60 to $58.38 area as support before moving higher.
Generally I think this is a good long term hold as well since semiconductors are used everywhere.
If this breakout plays as expected the target price would be around $77.75
Fundamentally: The company's been doing pretty well with its earnings growing consistently year-over-year.
Looking at technicals I think the price will go sideways in the coming week and may retest the $57.60 to $58.38 area as support before moving higher.
Generally I think this is a good long term hold as well since semiconductors are used everywhere.
If this breakout plays as expected the target price would be around $77.75