The Traderszone Network

Published in TZ Latest News 14 October, 2015 by The TZ Newswire Staff

Monolithic Power Breaks Out Of Cup-With-Handle Base

Monolithic Power Systems (MPWR) broke out of a base Wednesday and touched a new high in above-average trade. The stock gained 1.81 to close at 56.28. A bullish feature of the chart is that the relative strength line went to a new high in advance of the stock. The base is a cup-with-handle structure. The high handle doesn’t show up on a weekly chart, but does on the daily chart.

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