SQNS is issuing a pocket pivot in today's trade. It is a leader in 4G integrated circuits, which are the new generation 3G chips used in wireless devices.
Earnings and sales growth are enormous, but given its IPO status and chart pattern to date, it will be quite volatile. It also is slightly extended above its 10-day moving average.
It is being mentioned despite these issues because its upside position is huge. This is a good example of a high risk/high reward stock.
Position size accordingly.
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