Semtech Corp designs analog and mixed-signal ICs used in mobile phones, computers, telecom networks
The price is near 52-week highs 2 years after it gapped down for a -27% loss
Is showing volatility contraction as is forming a big cup & handle with pivot buy around $49
The relative strength ratio with
SMH is also near breaking out and the IBD RS rating is 97, confirming that the stock is a market leader
IBD Quote [research.investors.com/stock-quotes/nasdaq-semtech-smtc.htm]
The price is near 52-week highs 2 years after it gapped down for a -27% loss
Is showing volatility contraction as is forming a big cup & handle with pivot buy around $49
The relative strength ratio with
SMH is also near breaking out and the IBD RS rating is 97, confirming that the stock is a market leaderIBD Quote [research.investors.com/stock-quotes/nasdaq-semtech-smtc.htm]
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.