Tech Stocks Among Our Top Four Charts to Watch

Harry Boxer  |


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Image: Lattice Semiconductor

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.

Sonos, Inc. [ (SONO)] rose 19 cents to $14.90 on 3.2 million shares Thursday, 2 1/2 times its average volume, after gaining 4% on Wednesday. The speaker maker unveiled a new home speaker that doesn't have an internal microphone, thus addressing privacy concerns. The stock is in a steep rising channel off its August low below $10, with next targets at $16 and then $18.

Twitter, Inc. [ (TWTR)] popped $1.94, or 4.4%, to $45.30 on 19.3 million shares Thursday. The move, on nearly 1 1/2 times its average volume, broke the stock out of a month-long, high-level consolidation. Watch for a move to the channel top near $47.50-$48.

InMode Ltd. [ (INMD)], our lone non-technology stock, continued higher on Thursday, up $1.45 to $26.72 on strong volume of 1.7 million shares. The stock is up from last week's close at $19.90 on bullish coverage initiation of the medical device company by several Wall Street firms. The move has broken the stock out of a 2-week flag that followed its post-IPO pop. The rising channel top points to $31-32. Watch support at Thursday's low near $25.50.


Equities Contributor: Harry Boxer

Source: Equities News

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: The author of this article, or a firm that employs the author, is a holder of the following securities mentioned in this article : None


Symbol Name Price Change % Volume
LSCC Lattice Semiconductor Corporation 19.55 0.17 0.88 1,201,244 Trade
TWTR Twitter Inc. 39.61 -0.30 -0.75 7,194,894 Trade
SONO Sonos Inc. 13.50 0.16 1.20 609,140 Trade



Symbol Last Price Change % Change






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