Long Position on NXPI @ $88.75 on 8/24/2016 (Momentum)

Cup and handle on NXPINXP Semiconductors N.V. (NXPI) provides high performance mixed signal and standard semiconductor solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide.

It offers products for car audio and visual head-end unit applications, in-vehicle networking products, two-way secure entry products, and various sensors and microcontrollers.

The company also provides secure identification solutions comprising passive RF connectivity devices; microcontroller devices; and secure real-time operating system software products to facilitate the encryption-decryption of data, and the interaction with the reader infrastructure systems.

In addition, it delivers semiconductor-based technologies for connected devices, secure mobile transaction solutions, and various connectivity solutions; and offers digital networking processors, secure interface and system management products, high-performance RF power-amplifiers, and smart antennae solutions.

Further, the company provides standard semiconductor components, such as small signal discretes, power discretes, protection and signal conditioning devices, and standard logic devices. Its products are used in automotive, identification, mobile, consumer, computing, wireless infrastructure, lighting, and industrial applications. NXP Semiconductors N.V. markets its products to various original equipment manufacturers, original design manufacturers, contract manufacturers, and distributors. 

Shares have formed a bullish "cup and handle" following the company's latest quarterly results. Higher share prices are expected for this stock.

52-Weeks Trading Range: $61.61 - $98.09

Entry Point: $88.75

Stop Loss: $84.25

Target Price: $97.62

Position closed on 9/12/2016 at price of $84.00 with a -5.35% loss in 18 days.

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