Linear Technology: Ready for some Upside?

lltc New York, May 22nd ( - Shares of Linear Technology Corporation (NASDAQ:LLTC) ended the trading session higher by $0.42 or 1.45% from its previous close. Linear Technology's price action developed what can be considered a reversal pattern in the form of a tweezer bottom, which is a candlestick pattern that is usually formed at the end of a downtrend. The tweezer bottom is considered a reversal pattern, so traders will need to monitor the price action for confirmation.

Linear Technology Corporation (NASDAQ:LLTC) designs, manufactures, and markets a line of linear integrated circuits. Its products include high performance amplifiers, comparators, voltage references, monolithic filters, linear regulators, DC-DC converters, battery chargers, data converters, communications interface circuits, and RF signal conditioning circuits.

Traders looking for an entry in Linear Technology can use the tweezers as a good reference point to establish the long position, as the pattern provides defined risk by giving a good reference point for support.

Traders look for tweezer bottoms, as they provide an entry with a small defined risk. They are a leading indicator that provide an alert for a trend reversal or stabilization. The tweezers imply that bears or sellers were not able to push the stock lower, therefore providing the opportunity to look for a bounce. Below an example of a Tweezer Bottom reversal pattern:

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,779.91 ▼111.25 (-0.62%)
o S&P 500 2,066.01 ▼15.42 (-0.74%)
o NASDAQ 4,781.31 ▼36.28 (-0.75%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,779.91 Trade time:2:08PM EDT Value change:▼111.25 (-0.62%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,066.01 Trade time:2:08PM EDT Value change:▼15.42 (-0.74%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,781.31 Trade time:2:08PM EDT Value change:▼36.28 (-0.75%)

In The Wires

Copyright © 2013 All Rights Reserved.