Staggering numbers from Jonathan Yarmis' interview on TechTicker today: PC market 200M units shipped per year sales growth of 9-11% year-over-year Now compare that to: Mobile market 1.6B units shipped last year sales growth of 20% year-over-year average device life-cycle of 21 months which means the device install base is completely cycled every 2 years The strong growth hasn't translated into bottom line profits for mobile incumbents. In fact, most mobile manufacturers have been hammered (see NOK ...
FeedTheBull and I have both liked $V for it's recent strength. The technicals may indicate further near-term upside. 100-Day with 1-Day bars The trend is clearly higher. Current prices rest on the trend line for potential near-term support. The 20-day moving average is approaching a crossover of the 50-day moving average. Volume remains consistent. The price action is consolidating around $82. I'd argue a clear breakout above the $84 level would be a very bullish sign here. 10-Day with 60-Minute bars There is a retracement to the 50% levels. The pricing is ...