$Semtech(SMTC)$ - Bullish flagging pattern, 6% ADR, 5B mid-cap stock within the strongest group $VanEck Semiconductor ETF(SMH)$
Nice consolidation that is tightening for the 4th consecutive week since its last earnings with +999% beat in YoY Qtr EPS, and first quarterly sales growth YoY in 2024. Worth to note this company is already listed for over 50 years, doubled of $NVIDIA(NVDA)$
Based on yesterday's close, only $U.S. Global Jets ETF(JETS)$ and SMH ETFs are able to closed at 1-Month relative strength high.
Image
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments