Short This Semi Stock


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National Semiconductor Corp. (NYSE: NSM ) - This major semiconductor company, which focuses on analog and power management, has rallied from a low of $12 to almost $16 since September.

But the stock's recent break below its major bullish support line and its 50-day moving average, which was accompanied by heavy volume, suggests that Friday's rally is merely a rebound that will shortly run out of steam. Insiders have been sellers in the past three months.

The stochastic is oversold and gave a buy signal recently, but this could provide short-sellers with an opportunity to short the stock at close to $15. The target for a short sale on NSM is $13.

Trade of the Day - NSM Stock Chart

Trade of the Day Chart Key

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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