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These three technology companies, plus a medical device stock, are showing strong technical momentum.
Lattice Semiconductor Corporation (LSCC) gained 53 cents to $19.73 on 1.8 million shares Thursday. The move, on no news and following through on Wednesday’s rally, positioned the stock at the top of its 5-week sideways channel. A break through this top near the intraday high at $20.42 could accelerate the stock towards $26.
After the flagellation the bears have received over the past two solid weeks, it’s not surprising that I am not exactly frothing at the mouth to short anything (which, in itself, is probably your best sign to short). I have tiptoed into a few more positions, however, including these two below.
It’s unusual, to say the least, for me to wake up late. My body alarm clock is usually quite reliable. I guess yesterday was such a disappointing eye-roller, that my body basically said, “aww, screw it, stay in bed”, so I missed the entire jobs report and the reaction. Turns out it wasn’t a big deal. The jobs report came in below expectations, and the year-to-year trend definitely shows the sheer rate of jobs growth is easing (let’s face it, there are only so many jobs anyway, although where I live there are still Help Waned signs everywhere you turn).