Long Position on IDTI @ $34.45 on 6/13/2018 (Momentum)

Bullish cup and handle on $IDTIIntegrated Device Technology, Inc. (IDTI) designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, consumer, automotive, industrial, and Internet-of-things end-markets.

It operates in two segments, Communications; and Computing, Consumer, and Industrial.

The Communications segment offers clocks and timing solutions; flow-control management devices comprising Serial RapidIO switching solutions; multi-port products; telecommunications products; static random access memory products; first in and first out memories; digital logic products; radio frequency products; and frequency control solutions.

The Computing, Consumer, and Industrial segment provides clock generation and distribution products, programmable timing devices, computing timing solutions, high-performance server memory interfaces, PCI Express switching solutions, power management solutions, and signal integrity products, as well as sensing products for mobile, automotive, and industrial solutions.

The company markets its products primarily to original equipment manufacturers through various channels, including direct sales, distributors, electronic manufacturing suppliers, and independent sales representatives.

Shares have formed a bullish "Cup and Handle" and are expected to move higher out of this formation. The company reports its quarterly results on July 30.

 

Entry Point: $34.45

Stop Loss: $32.70

52-Weeks Trading Range: $23.07 - $34.75

Target Price: $37.90

Updates

8/27/2018 12:07:29 PM

IDTI closed at $38.50

Position closed on 8/27/2018 at price of $38.50 with a 11.76% gain in 75 days.

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