Integrated Device Technology Bullish But Wait to Buy Strength

Integrated Device Technology Inc. (IDTI) gapped down in late January and broke its December lows in February cascading lower before support developed around the rising 200-day moving average line. Prices are back up nearly to its November/January highs so the question is whether IDTI will breakout to new highs or perhaps fail a third time? Let's see what we can glean from price and volume.

In this daily bar chart of IDTI, below, we can see that prices are above the now rising 50-day moving average line and the rising 200-day line. The volume pattern was heavy in late January when IDTI sold off and the volume has diminished the past five weeks as prices have recovered....251 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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