$110 water under bridge. 120 or 130 is real question now.
Clearly worth over $110 when shareholders won't accept the deal
We know it's worth at least $110 given QCOM's offer
The semi-conductors are getting ready to make another run (check out SMH) and there are lots of names in the space that are looking strong. I like NXPI for several reasons. Let's talk about the base: 1. It's setting up in a giant cup w/ handle that is about a year and a half long. The left side of the base is wide and loose and the right side of the base,...
This stock will be in play in next one or two weeks. I'll just follow the trend.. waiting for some resolution out of this triangle pattern
Based on the Low RSI and the Fib retracement, it looks as though we have found a bottom on NXPI. Depending on the RSI moving forward, I expect this trend to extend into the low 90's and probably to the first Fib Level. I'm long calls.
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...
BUY $NXPI at $84.62 TARGET 1 Price: 92.65 Profit: 9.5% Stop/Trailing Stop: 82.7 Loss: 2.3% P/L Ratio: 4.1 : 1 - Excellent