Monday, December 28, 2015
US Weekly Economic Calendar
| time (et) | report | period | ACTUAL | forecast | previous |
|---|---|---|---|---|---|
| MONDAY, DEC. 28 | |||||
| None scheduled | |||||
| TUESDAY, DEC. 29 | |||||
| 8:30 am | Advance trade in goods | Nov. | -$62.1 bln | -$58.4 bln | |
| 9 am | Case-Shiller home prices | Oct. | -- | 0.6% | |
| 10 am | Consumer confidence | Dec. | 94.0 | 90.4 | |
| WEDNESDAY, DEC. 30 | |||||
| 10 am | Pending home sales | Nov. | 0.7% | 0.2% | |
| THURSDAY, DEC. 31 | |||||
| 8:30 am | Weekly jobless claims | Dec. 19 | N/A | N/A | |
| FRIDAY, JAN. 1 | |||||
| New Year's Day None scheduled |
|||||
Sunday, December 27, 2015
Amkor Technology, Inc. (NASDAQ: AMKR)
Amkor Technology, Inc. provides outsourced semiconductor packaging
and test services in the United States, China, Ireland, Japan,
Singapore, Taiwan, Thailand, and internationally. The company offers
turnkey packaging and test services, including semiconductor wafer
bumps, wafer probes, wafer backgrinds, package design, packaging, and
test and drop shipment services. Its packages employ wirebond, flip
chip, and copper clip interconnect technologies; and leadframe and
substrate package carriers are used for various testing services.
Take a look at the 1-year chart of Amkor (NASDAQ: AMKR) with the added notations:
AMKR started a 5-month decline in March that reached a bottom in June. After testing the June low a few times, the stock started a rally that lasted about 3 months. Over the past month or so, the stock has also created a key level of support at $6 (green) Now that the stock appears to be testing that support level again, traders should be able to expect some sort of bounce. However, if the $6 support were to break, lower prices should follow.
The Tale of the Tape: AMKR has a key level of support at $6. A trader could enter a long position at $6 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
Take a look at the 1-year chart of Amkor (NASDAQ: AMKR) with the added notations:
AMKR started a 5-month decline in March that reached a bottom in June. After testing the June low a few times, the stock started a rally that lasted about 3 months. Over the past month or so, the stock has also created a key level of support at $6 (green) Now that the stock appears to be testing that support level again, traders should be able to expect some sort of bounce. However, if the $6 support were to break, lower prices should follow.
The Tale of the Tape: AMKR has a key level of support at $6. A trader could enter a long position at $6 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
Friday, December 25, 2015
Wednesday, December 23, 2015
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