This is a very interesting semiconductor company chart. ISSI – Integrated Silicon Solution is displaying early signs of aggressive accumulation. Although ISSI might not be an immediate buy here, I bought an initial position. Here are a few reasons why this stock could be a future winner in the making:
- ISSI printed a new 10 year closing high
- The stock is not giving back much of its recent gains
- The recent pullback is on decreasing volume which is bullish
- The monthly chart displays a bullish ABC pattern
- The monthly chart shows the successful retest of the symmetrical triangle
Click on daily ISSI chart to enlarge:
Click on weekly ISSI chart to enlarge:
ISSI company description from Yahoo finance:
Integrated Silicon Solution, Inc., a fabless semiconductor company, designs and markets integrated circuits for automotive, communications, industrial, medical and military, and digital consumer markets worldwide. The company offers low and medium density DRAM products for use in WLANs, base stations, networking switches and routers, fiber to the home (FTTH), DSL and cable modems, set top boxes, digital cameras, MP3, flat panel TVs, LCD TVs, HDTVs, video phones, voice over Internet protocol (VOIP), printers, disk drives, tape drives, audio/video equipment, instrumentation, GPS, telematics, infotainment, backup cameras, lane departure warning systems, and other applications. It also provides asynchronous and synchronous high speed SRAM products for use in applications, such as LANs, base stations, routers, modems, automotive electronics, multimedia products, peripherals, and industrial instrumentation. In addition, the company offers serial and parallel NOR flash products for the personal computer peripheral, automotive, IMM, and communication markets. Further, it provides analog and mixed signal integrated circuits, such as audio power amplifiers for use in smart phones, GPS devices, MP3 players, and set top boxes; LED drivers for backlighting and panel display for use in smart phones, digital cameras, notebook computers, and other computing and consumer devices, as well as voltage converters for use in industrial applications; HBLED drivers for use in general lighting and automotive applications. The company markets and sells its products through direct sales force, independent sales representatives, and distributors. Integrated Silicon Solution, Inc. was founded in 1988 and is headquartered in Milpitas, California.
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