Altera Leads with New High for 2014

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

Altera, which is part of the semiconductor group, is showing relative strength this year with a price breakout and new high for the year (2014). The stock established support from mid November to mid January and broke out with a gap in January. After some backing and filling, the stock continued higher with another big move the last three days. The indicator window shows the price relative (ALTR:$SPX ratio) moving to a three month high.

140206altr


Click this image for a live chart

Arthur Hill
About The Author:

Arthur has written for many publications, including Barron’s and Stocks & Commodities magazine. He has earned a CMT designation and an MBA from the Cass Business School at City University in London. Learn More 

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