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CY (Cypress Semiconductor) Bottom Breakout Alert

|Includes: Cypress Semiconductor Corporation (CY)

$CY (Cypress Semiconductor - NASDAQ) has spent the past 2 and a half months forming a bottom between 9.02 and 9.44 support and resistance areas. Now volume is picking up as it tries to breakout into higher prices. StockConsultant provides detailed analysis and charts below.

BREAKOUT

  • CONFIRMED breakout above 9.59, no resistance in area just above.
  • Type: True breakout from double resistance.
  • Target: 10.29, 6.4% Stop: 9.4, Loss: 2.8%, Profit/Loss ratio: 2.3 : 1 - Good

CY bottom breakout stock chart from StockConsultant.com

Source: CY at StockConsultant

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.