The VoSI VooDoo Report
Offbeat Ideas and Commentary from the Depths of Gil's Trading Notes
Lumentum Holdings (LITE), which is believed to be the primary supplier of VCSELs for the new iPhones, is holding tight along its 50-dma as volume dries up to -46% below-average. This is "voodoo" action at the 50-dma, which can then be used as a convenient, tight stop. LITE is capitalizing on the 3D optical sensing market as the number of 3D sensing applications for mobile devices accelerates. We currently have a position in the stock. LITE will be added to the focus list.
VoSI VooDoo(TM) Report - LITE 9-20-17
|Published:||20 Sep 2017 10:49 ET|
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