Keysight Technologies has been a strong name in the semiconductor group recently. The company’s client list reads like a who’s who of the Fortune 100, and it has been catapulted into the best of breed category following some big design wins.
Because the company is doing so well, the stock looks very strong. Note the series of higher highs and higher lows that began after the name bottomed out in May. Relative strength is solid and a new MACD buy signal has emerged. Money flow went red in September when the stock consolidated recent gains. On Monday, Keysight shot up to a new high on increasing volume. The stock appears to be headed toward 110 in the near-term.
Here at Explosive Options, we continue to hold the February 97.5 calls bought on October 17.
Keysight Technologies Chart Analysis
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About Keysight Technologies
Keysight provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. The company was incorporated in 2013 and is headquartered in Santa Rosa, California.