Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Technical analysis shows data storage company LSI Corp. is set to rise. (Photos.com)
Technical analysis shows data storage company LSI Corp. is set to rise. (Photos.com)

What the Charts Say

Bullish on LSI Corp. Add to ...

LSI Corp. declined from $9.20 (U.S.) to $5.59 (A-B), rallied to $8.10 (C) and then settled in a trading range mostly between $6.20 and $7.60 (dashed lines). During this time, LSI traded below a falling trend-line for about 1½ years (dotted line).

Recent price action brought the price above the descending trend-line and suggests the stock is on the verge of a breakout from the horizontal trading range (D). A sustained rise above $7.75-$8 would confirm the start of a new up-leg. Only a decline below about $7 would be negative.

More Related to this Story

Point & Figure measurements provide targets of $9 and $10. Higher targets are visible.

Monica Rizk is the senior technical analyst for Phases & Cycles Inc. (www.phases-cycles.com). Ron Meisels is a contributor to the www.NA-marketletter.com website and Tweets at @Ronsbriefs. They may hold shares in companies profiled. Please see the site for a glossary.

 

LSI Corp.

5 Year Performance

Add LSI-Q to your Watchlist Chart for LSI-Q
LSI-Q 11.09 0.01 0.09 %

View interactive chart

Security Price Change
LSI-Q LSI Corp. 11.09 0.01
0.09 %
Add to watchlist
Live Discussion of LSI on StockTwits
More Discussion on LSI-Q

More Related to this Story

Topics:

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories