In the past 2 months, Cirrus Logic's share price has fallen. This trading idea focuses on buying the stock, as it is expected to have long-term growth potential.
Strategy
The strategy for this trading idea is based on the following factors:
EBIT: Cirrus Logic's EBIT (Earnings Before Interest and Taxes) is currently at $34.85. EBIT is calculated by...
Daily chart for CRUS, I expect a move up within the up channel . This up move would be towards the top of the channel.
This is allowed due to the breakout of a smaller downtrend in green.
I have used bars pattern tool to show how I think price will increase.
Quite bullish if it plays out.
Interesting test of 200MA from a weekly perspective that also confluences with a positive divergence over stochastic indicator, look for longs from a D1 perspective in order to target upper resistance level at 100.
The paper is in a sideways position. Below the support level. Not going below 78.5. Resistance level is 80.5. If it is broken through, the first target is 88.80. The second is 100. Upside is at least 25%. There is potential for growth and higher. Standard risk per trade. Stop behind the support level.
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CRUS along with many other semiconductor companies has been in a slump from the highs over the past couple months. As we see other semiconductor stocks such as AMD, TSM rebounding with the money that is rotating back into the tech space, we should see CRUS make a strong move to follow the sector.
TECHNICAL Analysis: The main things I see are RSI Creeping back...
CIRRUS LOGIC, INC.
Cirrus Logic is a leader in high performance, low-power ICs for audio and voice signal processing applications. Cirrus Logic's products span the entire audio signal chain, from capture to playback, providing innovative products for the world's top smartphones, tablets, digital headsets, wearables and emerging smart home applications. The...
This month, I'm trying a new trade setup where I use 10% of the premiums earned for potential multipliers with limited risk.
When I entered this trade, price was hitting the bottom channel of 88.06. Semiconductors as a sector has been doing well Weekly and Monthly. Hence I entered the following trade
9 Contracts, 100 Strike @ 1.10 that amounts to $990...
welllll whyyy??
they bagged earning meaning there next one will probably do great
new CEo
it dropped hard and i saw a great buying time so here i am
they make crazy chips and there biggest customer ?? APPLE!! another no brainer to buy at this dip
Gainzzz baby
Cirrus Logic began 2021 with a breakout to new highs. Now it’s pulled back to some potentially interesting levels.
First, Thursday’s close around $86 is near the old peak in January 2020. Will old resistance become new support?
Second, CRUS has returned to its 50-day simple moving average for the first time since it started running in late September.
Third,...
I noticed that I correctly identified a mini rally. Thinking of getting in today, first thing and out at the end of the day or start of next trading day
Earnings have been revised up for the better. Hedgefonds started bying the stock lately cautiosly to not drive the stock price up. Volume has been trying up. Watcht out for the significant support zones to start a position.
more swingtrade ideas in my premium service didis-CHARTS NASDAQ:CRUS
It was difficult to find the pattern and I do not see a ton of volume. Multiple tops and multiple bottoms noted. This chart is very messy. I am watching for now. Not to break out and may or may not get there is foreseeable future. Lots of R overhead. I do see a buying volume spike when it was at 57ish where it appears to be forming an inverted head and...
CRUS took a bit of a hit due to Iphone delays but their products have improved and they are getting new customers so they are not so dependent on Apple for their revenues. Also at a support level.
