The Traderszone Network

Published in TZ Latest News 8 November, 2015 by The TZ Newswire Staff

Bullish Cup With Handle Breakout on Semi Stock

Semiconductors have been one of the hottest areas of the market off the August low and especially during the month of October.  That’s created a number of trading opportunities in the space.  I would consider Microsemi Corp to be one of those opportunities now based on its cup with handle breakout on heavy volume Friday.  Volume trends have been strong on MSCC throughout 2015.  A breakout and strong first quarter was followed by a negative divergence on its weekly chart in the second quarter.

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