MTSI has some cool chip technology and beaten up like most tech stocks in US-CH trade war saga.
Zack posts strong sell prior to MTSI have strong upward climb today after missing Q4 Rev. targets. Acquisition candidate>>>? What gives??
Zacks Investment Research, Inc. downgrades MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC from HOLD to STRONG SELL.
What's not to love. Buying into telecom/cellular, defense tech, big data processing with equal sectors. Self-driving cars will need,
but market still extremely small. 5 yrs. from now, not so much. Buy and hold.
Won patent suit in 2017 to protect GaN chips, which run 80-100x faster than silicone chips and they can make them for same cost.
STM needed to...
MTSI formed a long upward channel in weekly frame. However, It seems getting toppy. So we think it has good downside potential. And if it can breakdown the upward channel it can go al. the way down to $34.33
* Trade Criteria *
Date First Found- July 18, 2017
Pattern/Why- Upward channel breakdown (weekly frame)
Entry Target Criteria- Break of $59.13