Trade Ideas Newsletter 07/31/2016

LLTC is showing significant strength right now

Based on the analysis above in LLTC, traders should determine that their portfolio can handle the additional risk from a new position. Also be sure that LLTC is not significantly correlated with your existing positions. Lastly, experienced traders never ignore how a new addition relates both to the overall market conditions as well as their existing account. For example, check the S&P 500. Is it trending or stationary recently? Has it moved up or down though key levels? Be sure to matvh up your trading actions on LLTC with the overall market so you are fighting the crowd.

Currently the important sentiment levels, evaluated by Traders For Wealth, have shown an increasingly positive bias toward LLTC. Also, the price action in LLTC has been moving up a lot. This is a strong sign for a potential upside breakout. Traders should view this as a bullish trade and make sure it aligns with the overall market mood, and their current positions.

Linear Technology Corp (LLTC)

Linear Technology Corporation is engaged in designing, manufacturing and marketing a line of analog integrated circuits for companies across the world. The Company’s principal product categories include Amplifiers, High Speed Amplifiers, Voltage Regulators, Voltage References, Interface, Data Converters, Battery Stack Monitors, Silicon Oscillators and Timer Blox, Phase Locked Loop (PLL) Synthesizers and Clock Distribution, SmartMesh Embedded Wireless Sensor Network, Isolated uModule Transceivers, Radio Frequency Circuits, Power Over Ethernet (PoE) Controllers, uModule Power Products, Signal Chain uModule Products and Others. The SmartMesh IP and SmartMesh WirelessHART technology offers wireless network-based solutions using low power electronic components, board level products with mesh networking and software addressing applications. Its products are used in industrial, automotive, computer, medical, instrumentation, consumer, and military and aerospace systems.