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Long LSCC At $6.76



March 03, 2011 – Comments (0) | RELATED TICKERS: LSCC

My setup in Lattice Semiconductor Corp. (LSCC) triggered today when it broke through $6.75, and I got filled at $6.76. I'm using a stop loss of $6.52 which is just below the days lows. The reason for this is because A) it was the closest support level that I could find, and B) if the stock on a day like today, dips below the day's lows, I'll want to be out of this play, if not well before then. So the stop for me makes sense. Now if we can only see some upward momentum out of this stock, now that it has broken through support on an intraday basis!

Here's the Chart Analysis on LSCC.

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