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Look for Shares of Cypress Semiconductor to Potentially Pullback after Yesterday's 1.36% Rise

By James Quinn

Cypress Semiconductor (NYSE:CY) traded in a range yesterday that spanned from a low of $13.97 to a high of $14.19. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $14.05 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Cypress Semiconductor on November 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.08. Since that recommendation, shares of Cypress Semiconductor have risen 26.2%. We continue to monitor CY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Cypress Semiconductor have traded between a low of $6.30 and a high of $14.19 and are now at $14.18, which is 125% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.7%.

Keywords: rebounders cypress semiconductor

Ticker(s): CY