Barker
Long

What's your opinion on INVN? Apple supplier for the iWatch?

NYSE:INVN   INVENSENSE INC
759 2 5
http://www.stocksetups.com
INVN has a lot of chips going into the new Amazon Fire Phone too. Motley Fool loves the stock and started it at a buy earlier this year. The last pullback flushed out a lot of people with trailing stops and therefore it should be cleared out of any weak hands at this point. The chart is very constructive and their chips are likely to keep dominating for years and might be put in all kinds of devices and tracking devices in the future. I'm very bullish on INVN.
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Buyers took back control and tested supply with success. Watch for a close above 22.16, which has 5 failures so far. A final shakeout here may develop. Bullish also.
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