Semiconductors are at all times high and Inphi is one of those stand outs. This is the first undercut of the 10WMA since 04/03 and it was at -11% volume, which is great. It means that this stocks just had a short term weakness and has more momentum to the upside since big institutions are not selling yet. What makes this stock great is that earnings and sales during the COVID period rocketing over 100% quarter over quarter. This stock is showing resilience and hard to find faults unless the price keep heading downward especially since they have cash to weather this period.
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Never broke out and headed towards 40WMA
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All ideas are for information purposes only. I may or may not invest in the stocks discussed.
All ideas are for information purposes only. I may or may not invest in the stocks discussed.