Cirrus Logic (CRUS)

[nycrew]

Hi SS. Well, going by the weekly chart for CRUS you can see that 3 weeks ago the 'weekly' low was 17.33... The next 'weekly' low (from 2 weeks ago) was 17.36... Sort of a double bottom... That right there was a good sign... But then it got better when this past week's low was 18, AND we had a weekly 'close' ABOVE the 'high' from the week before...

Great signs if you ask me... Not to mention Friday's crossing of the 20 day moving average on the 'daily' chart AND a close above it!...
To me it looks like the weekly MACD is turning positive as well.

I feel we'll see a push towards the 23.60 area in the next week or two.

Got my CRUS May $21 Calls for an average of .2792 (LOL), so we'll see what happens.

Hope that helped a little.

Have a great one Surfer,
NYCrew