The semiconductor sector appear to be “lifting off” which strongly suggests that there is, in fact, another run to the upside getting underway, notes Nate Pile, editor of Nate's Notes.
I’m listing both Qorvo (QRVO) and Skyworks Solutions (SWKS) as Top Picks based on the way their charts are shaping up.
There has been news to account for the price action seen in Qorvo's chart, but the action serves to amplify the bullish signal.
If you do not own Qorvo, you are encouraged to make it one of your “first buys” this month. QRVO is a strong buy under $68 and a buy under $75.
I am very pleased to report that Skyworks’ stock is also tracing out a chart pattern — including a gap up — that cannot be called anything but “bullish” from a chartist’s perspective. SWKS is considered a strong buy under $98 and a buy under $105.
I might as well throw in Cirrus Logic (CRUS) for the same reason. The stock recently gapped up nicely… and actually managed to push into new all-time high territory in recent trading.
It is hard to call this sort of action anything but “bullish” for both the stock and the sector as a whole. CRUS is a strong buy under $52 and a buy under $60.
