Long Position on TSEM @ $21.55 on 2/3/2017 (Momentum)

Tower Semiconductor Ltd. (TSEM) is an independent semiconductor foundry.

The firm manufactures analog intensive mixed-signal semiconductor devices in the United States, Asia, and Europe.

The company provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, radio frequency CMOS, CMOS image sensor, integrated power management, and micro-electro-mechanical systems.

It also offers transfer optimization and development process services to integrated device manufacturers and fabless companies.

The company serves various markets, such as consumer, automotive, medical, industrial, and aerospace and defense. 

The Company is scheduled to report its earnings on February 13th. Estimates call for a profit of 48 cents per share on revenue of $339.9 million. Ahead of that, shares have formed a bullish "cup and handle." Higher share prices are expected for this stock.

52-Weeks Trading Range: $11.03 - $21.66

Entry Point: $21.55

Stop Loss: $20.35

Target Price: $23.80       

Updates

3/24/2017 10:18:42 AM

TSEM closed at $23.15

Position closed on 3/24/2017 at price of $23.15 with a 7.42% gain in 49 days.

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