Cirrus Logic (NASDAQ:CRUS) — This manufacturer of analog and mixed-signal integrated circuits is expected to earn $1.69 in FY 2012 (ended March 13) and $2.16 in FY 2013. In the past six months, insiders have been buyers of the stock.
Technically CRUS is trading in a bull channel with support at $25. In early January, the stock broke from a wedge on a breakaway gap, and since then, has been under heavy accumulation.
The initial trading target is $32, but CRUS could be bought by investors seeking a technology stock with an outstanding long-term growth prospect.
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