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Spreadtrum Communications, Inc. Message Board

  • panamax950 panamax950 May 7, 2012 3:52 PM Flag

    Technical Indicators - major breakout coming...?

    I'm not much of an astrology reader, but I do see that a lot of people follow trends that tell them when to buy and sell, so I see the point of trying to get ahead of the curve ... I'm curious for those technical indicator traders out there if anyone agrees with this. Are we looking to see mid20s and a break out?

    Unusual volume can also be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst. These types of traders like to get in well before a large spike, so it’s always a smart move to monitor unusual volume. That said, remember to combine trend and price action with unusual volume. Put them all together to help you decipher the next big trend for any stock.

    Spreadtrum Communications (SPRD) is a fabless semiconductor company that designs, develops and markets mobile chipset platforms for smartphones, feature phones and other consumer electronics products that support second generation (2G), third generation (3G) and fourth generation (4G) wireless communications standards. This stock is trading up 4.9% at $16.22 in recent trading.
    Volume % Change: 54%
    From a technical perspective, SPRD is moving sharply higher here after the stock recently gapped up back above its 50-day moving average of $15.07 on huge volume. This move is quickly pushing SPRD within range of a major breakout trade.
    That trade will trigger once SPRD takes out $17.13 and then its 200-day moving average of $18.33 with high-volume. A sustained high-volume move or close above those levels should setup SPRD to trade into the low-to-mid-$20s.
    On the flipside, I would avoid any long trades in SPRD if it closes back below its 50-day moving average of $15.07 with high-volume.

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