Mellanox For 2014?
Posted: January 16, 2014 Filed under: H&S Bottom | Tags: $MLNX, Ethernet, fabless semiconductor, InfiniBand, Mellanox
Mellanox Technologies (MLNX) has been on a strong downtrend since Sept 2012, erasing over 60% of its market cap. Recently MLNX completed a 5-months Head & Shoulders Bottom on 2.5x avg daily volume, indicating a target of $52. Stop loss @ 40