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JimVanMeerten (57.26)

Taiwan Semiconductor poised for growth



June 07, 2011 – Comments (0) | RELATED TICKERS: TSM

Taiwan Semiconductor Manufacturer Co (TSM) is the world's largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC's goal is to establish itself as one of the world's leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.

Barchart Technical Indicators:

1 - 96% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above its 20, 50 and 100 day moving averages

4 - 4 new highs and up 1.16% in the last month

5 - Relative Strength Index is 64.98% and climbing

6 - Trades around 13.95 with a 50 day moving average of 13.01

Jim Van Meerten is a Marketocracy Master

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