AI
Thursday, July 26, 2018 12:04:51 PM
Earlier today, Qualcomm (NASDAQ:QCOM) officially ended its takeover of NXP Semiconductor NV (NASDAQ:NXPI) after failing to get Chinese regulatory approval. This news is sending NXPI stock lower by nearly 7.0 percent to $91.63 a share. NXPI stock is now testing the pivot low from May 3, 2018. Should the stock close below this key support level on weekly chart basis it will signal another leg lower for the stock. Traders and investors must now watch for major support around the $80.00 area. This level is where the stock broke out in September 2016. Often, prior breakout levels will serve as excellent support for a stock when it is retested.
Nicholas Santiago
InTheMoneyStocks
Recent NXPI News
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM
Unitronix Corp. Publishes Its Cryptocurrency Portfolio Strategy • UTRX • Nov 14, 2024 8:05 AM
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM
Oohvie App Update Enhances Women's Health with Telemedicine and Online Scheduling • HLYK • Nov 11, 2024 8:00 AM
SANUWAVE Announces Record Quarterly Revenues: Q3 FY2024 Financial Results • SNWV • Nov 8, 2024 7:07 AM
