The semiconductor sector has been an important propeller for the good ship U.S.S. NASDAQ over the past decade, but there’s one particular semi stock I am short which I wanted to share: Cirrus Logic (symbol CRUS). Here is some recent history of the price action with some selected technical indciators:
Finally, here is a much longer-term view. The next important ‘achievement’ for this short would be a failure of the 63.48 price level. In fact, I think I’ll go set a SlopeAlert for just that!