Saturday, January 31, 2015

Linear Technology Corporation (NASDAQ: LLTC)

Linear Technology Corporation designs, manufactures, and markets a line of analog integrated circuits (ICs) worldwide. It produces power management, data conversion, signal conditioning, radio frequency (RF), and interface ICs; µModule subsystems; and wireless sensor network products. The company’s products primarily include amplifiers, high speed amplifiers, voltage regulators and references, interface, data converters, battery stack monitors, silicon oscillators and Timer Blox, phase locked loop synthesizers and clock distribution, SmartMesh wireless sensor network systems, isolated µModule transceivers, RF circuits, power over Ethernet controllers, µModule power products, and signal chain µModule products. The company markets its products primarily through direct sales staff and electronics distributors.
Take a look at the 1-year chart of Linear (Nasdaq: LLTC) below with my added notations:
1-year chart of Linear (Nasdaq: LLTC)
LLTC had steadily declined from its $51 high in April clear down to $38 in October. Over a strong rally, the stock has created an obvious resistance at $47 (blue) over the last 2 months. A break above through $47 should mean higher prices for the stock.

The Tale of the Tape: LLTC has a key level of resistance at $47. A long trade could be entered on a break through that level. However, if you are bearish on the stock, a short trade could be made on any rallies up to $47.
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