$NXPI: Back above the 200 DMA

2016년 7월 20일

NXPI broke above it's downward trend line back in April. Along with the broad pull back in the semiconductor space, NXPI pulled back and successfully re-tested the aforementioned trend line. With NXPI now back above it's 200 DMA (red), RSI on the rise and earnings due after the close on July 27, I expect NXPI to increase to at least the fibonacci 0.618 retracement of $87.06 and possibly the 0.764 retracement of $89.91 (up 7.34%).