Mindspeed Technologies (MSPD)

Company

"Mindspeed Technologies, Inc. designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide area networks. The company's three key product families include high-performance analog transmission and switching solutions, multiservice access products designed to support voice and data services across wireline and wireless networks and WAN communications solutions including T/E carrier physical-layer and link-layer devices, as well as ATM/MPLS network processors. Mindspeed's products are used in a wide variety of network infrastructure equipment including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers and digital loop carrier equipment." (company website)

mspd(1-1)
MSPD 4-month chart
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MSPD 1-year chart

Buy

27 January 2010. Bought 500 at $7.10.

Mindspeed beat Expectations by a penny, and the stock jumped. It has been climbing steadily since turning around in February 2009, and the 50- and 200-day averages are rising in parallel.

  • Percentage price oscillator (PPO) — fell back toward signal line before earnings, but has resumed going up since then
  • Volume — double-volume on the day after earnings

Based on technical analysis, MarketEdge calls MSPD a "buy" in a "weak upward trend."

Sell

gain Bottom line
15%

22 February 2010. Sold 500 at $8.20.

MSPD has been at the upper boundary of its trading channel for a while now, and technically over-bought. It pulled back enough today to trigger my stop-loss order. Although I did leave some money on the table, I still have a nice profit.