Long Position on MTSI @ $33.30 on 8/7/2015 (Momentum)

Bullish Flag and 200-day MA on MTSIM/A-COM Technology Solutions Holdings, Inc. (MTSI) designs, develops, manufactures, and markets semiconductors and modules for use in wireless and wireline applications across the radio frequency, microwave, and millimeterwave spectrum.

It offers approximately 3,500 standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, switches and switch limiters, passive and active components, and complete subsystems across 42 product lines.

The company’s semiconductor products are electronic components used in electronic systems, such as point-to-point wireless backhaul radios, optical networking equipment, high density data networks, radar, automobile navigation systems, magnetic resonance imaging systems, and unmanned aerial vehicles. It serves approximately end customers, such as original equipment manufacturers, contract manufacturers, and distributors in broadband, cellular backhaul, cellular infrastructure, enterprise networking, broadcast video transmission and optical communications, fiber optic, aerospace and defense, automotive, industrial, medical, mobile communications, test and measurement, and scientific applications.

The company sells its products and solutions through direct sales force, applications engineering staff, independent sales representatives, and distributors in North America, Europe, Asia, Australia, and internationally.

Shares have formed a bullish "flag" following the company's better than expected earnings report. The formation is supported by the stock's 200-day moving average (shown in red). Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $18.23 - $42.81

Entry Point: $33.30

Stop Loss: $31.60

Target Price: $36.65  

 

Updates

8/24/2015 12:34:18 PM

MTSI closed at $28.50 after its was downgraded.

Position closed on 8/24/2015 at price of $28.50 with a -14.41% loss in 17 days.

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