Mimo
Long

$NXPI: Back above the 200 DMA

NASDAQ:NXPI   NXP SEMICONDUCTORS N.V
NXPI             broke above it's downward trend line back in April. Along with the broad pull back in the semiconductor space, NXPI             pulled back and successfully re-tested the aforementioned trend line . With NXPI             now back above it's 200 DMA (red), RSI on the rise and earnings due after the close on July 27, I expect NXPI             to increase to at least the fibonacci 0.618 retracement of $87.06 and possibly the 0.764 retracement of $89.91 (up 7.34%).
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