My model indicates there will be buying between 67 and 73. This is a pure technical play as I am not familiar with this company.
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CRUS is a tech company that makes the electronic parts for AAPLs product, it just cracked ATHs off good earnings.
Looks like a bullish butterfly is forming along the hourly with a double top on the monthly TF.
Fundamentals align as well with news of insider sales from Cirrus Logic owns Forsyth.
"Sell the News" , a lot of popular finance sites saying buy CRUS at...
CRUS exploded on earnings, pushing it nearly all the way to its old high and top. It has expanded way beyond bollinger bands on the weekly chart and is extremely overbought for the time being on the daily chart. I expect this to bounce off its old high and retrace back to its moving averages around the $62 level. This has also finished its rounding pattern and...
Entry level $57.00 = price target $69.00 = Stop loss $55.00
Bullish setup developing on the chart, with a possible bull flag.
Indicators and Bollinger bands bullih.
Apple demand has increased.
P/e ratio 35.04
Short interest 9.02%
Company profile
Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of...
CRUS is looking to breakout of the flag formation at the $56.5 level. It has room to run up to $60, which is the top of the wick of previous price action creating a resistance at that level. This is a potential 7% move.
Cirrus Logic Inc CRUS american stock top down analysis using supply and demand imbalances.
Cirrus Logic is a semiconductor company that provides products for the world’s top smartphones, tablets, digital headsets, wearables and emerging smart home applications. Its products span the entire audio signal chain, and is known for producing high-performance, low-power...
Could be a symetrical triangle;
But it also looks like it could be a descending triangle.
Take note of a possible bear flag to be formed soon; that would give us higher probability to downside.
