Friday, January 28, 2011

Will Cirrus Logic Continue to go up after 18% Increased Yesterday?

The answer is a big Yes! Cirrus Logic will continue to go up to at least $40 in the coming future. This is the stock that we can hold for a very long term as long as Apple continues to introduce new innovation products.

Cirrus Logic has broken the great resistance of $20.54 on 23 July, 2010. On 24 July, 2010 Cirrus Logic has tried to break the resistance but fail badly.

Not only Cirrus Logic broke the great resistance of $20.54, Cirrus broke it with a bang! The percentage increased was a whopping 18% and with a very high volume. It is a very good and strong signal for Cirrus Logic to perform in the coming month.

I believe Cirrus Logic will consolidate for these few days with no more than 5% downward move. After 2-3 days, it will continue to shoot higher to at least $25 in the coming few months and to $40 in 1 year time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in The Market Oracle Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence. 

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