Stocks that can be bought as they take out ascending triangle patterns are IDTI. IDTI is among the top performing semiconductor group and is higher by 95% YTD and 99% over the last one year period. It has been a model of consistency this year with earnings, rising each time it reported in ’14, a testament to a solid management team too. The stock jumped 18.4, 10.9, 4 and 12.7% on 10/28 (stock took out a 16.31 double bottom trigger that session), 7/29, 5/6 and 2/4. IDTI has now formed a nice ascending triangle/flag pattern just below the round 20 handle which was problematic last dating back to early 2004. Lets look to enter with a buy stop above the pattern at 20.15.
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