This Under $5 Stock Could Easily Double

QUIK is a speculative recommendation based on a very strong chart breakout

   
This Under $5 Stock Could Easily Double

QuickLogic (QUIK) — This fabless semiconductor company designs, markets and supports customized semiconductor solutions for tablets, smartphones, etc. It recently received “buy” recommendations from Zacks, Michael Ashbaugh, Michael Murphy and others.

The stock has popped more than 30% in the past month. Analysts’ increasingly bullish sentiment is a strong catalyst for QUIK to move higher. The company will be making a presentation at the Consumer Electronics Show this week, and as Murphy says, “They are hitting on all cylinders.”

This is a highly speculative recommendation based solely on a very strong chart breakout. Thus, it is only suitable for investors with the means to take a high degree of risk. The trading target is $10.

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chart key 300x84 This Under $5 Stock Could Easily Double


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/trade-day-quicklogic-quik/.

©2014 InvestorPlace Media, LLC

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