Long Position on SLAB @ $61.50 on 11/11/2016 (Momentum)

Bullish Cup & Handle on SLABSilicon Laboratories Inc. (SLAB) designs, develops, and markets mixed-signal analog intensive integrated circuits (ICs).

The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; and wireless connectivity devices comprising a range of integrated and low power transceivers, as well as sensor products, including optical and relative humidity/temperature sensors.

It also provides broadcast products, including hybrid TV tuners, single and dual digital video demodulators, AM and FM receivers, and automotive radio tuners; and high fidelity radio ICs.

In addition, the company offers infrastructure products comprising timing devices, such as clocks and oscillators; and multi-channel isolators, isolated drivers, isolated power converters, and mixed-signal devices. Further, it provides access products, such as ProSLIC subscriber line interface circuits for voice over IP; ISOmodem embedded modems; and Power over Ethernet power source equipment and powered device ICs.

The company primarily markets its products to industrial, communication, consumer, and automotive markets through direct sales force, as well as through a network of independent sales representatives and distributors. Silicon Laboratories Inc. has a strategic collaboration agreement with Libre Wireless Technologies, Inc. to develop and produce a range of turn-key wireless DAB/DAB+ modules and software solutions for next generation radios and audio products. 

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: $36.56 - $63.55

Entry Point: $61.50

Stop Loss: $58.40

Target Price: $67.65

Updates

12/15/2016 11:19:35 AM

SLAB closed at $67.96.

Position closed on 12/15/2016 at price of $67.95 with a 10.49% gain in 34 days.

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