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:
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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