Long Position on IPHI @ $56.00 on 7/11/2019 (Momentum)

Inphi Corporation (IPHI) provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide.

The company's analog and mixed signal semiconductor solutions offers high signal integrity at data speeds while reducing system power consumption. Its semiconductor solutions are designed to address bandwidth bottlenecks in networks, maximize throughput and minimize latency in computing environments, and enable the rollout of next generation communications, datacenter, and computing infrastructures. Its solutions provide a high-speed interface between analog signals and digital information in high-performance systems, such as telecommunications transport systems, enterprise networking equipment, datacenters and enterprise servers, storage platforms, test and measurement equipment, and military systems.

The company also provides 10G/40G, 100G, and beyond 100G high-speed analog semiconductor solutions for the communications market and high-speed memory interface solutions for the computing market.

Its products perform a range of functions, such as amplifying, encoding, multiplexing, demultiplexing, retiming, and buffering data and clock signals at speeds up to 100 Gbps. Inphi Corporation sells its products directly through its sales force, as well as through a network of sales representatives and distributors to original equipment manufacturers.

Shares have broken out of their bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $29.56 to $57.515

Entry Point: $56.00

Stop Loss: $53.20

Target Price: $61.60

Updates

7/24/2019 2:34:46 PM

IPHI closed at $62.50

Position closed on 7/24/2019 at price of $62.50 with a 11.61% gain in 13 days.

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