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CRUS (Cirrus Logic Inc) - Bullish finish to quarter end

Long
NASDAQ:CRUS   Cirrus Logic, Inc
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 Company offers products through both direct and indirect sales channels across the world. The Company's portable audio products include analog and mixed-signal components designed for mobile devices including smartphones, tablets, digital headsets, wearables, smart accessories and portable media players. Its non-portable audio and other products include analog and mixed-signal components targeting the consumer market, including smart home applications, and the automotive, energy and industrial markets.

Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y

Based on the study of the previous quarterly earnings reports and subsequent price moves:
- A shaky first half on the quarter
- Opportunity to buy in low and see recovery before quarter end
- Expectation for the price to move to target range within balance of quarter
- Trailing stop-loss on price above target zone

GOOD LUCK.
DO YOUR OWN RESEARCH!
Comment: TRADE UPDATE: Successful
Target zone reached, profits taken for minimal gain