If CRUS's stock could breach the 20-Day SMA at $28.60 on a closing basis, which is highly probable , a short-term uptrend will be confirmed. A close above the 50-Day SMA, which is currently $28.78, will confirm that the uptrend is something more than just a short-term blip. I feel the stock will be in a steady uptrend very soon and put this pullback behind us.
BlackRocks recent sec 13g filingslast week in CRUS, Apple, Skyworksand Qualcomm investing billions of dollars is a vote for the Smartphone and tablet market. Add to that Cirrus's stock buyback program of $200 million that went into effect Nov 20th and a new tier 1 Smartphone customer that we are awaiting the company name and launch of a new smartphone with Cirrus chips inside...
Philips new LED bulbswith Cirrus dimmer chip inside are selling at HomeDepot