Questionable Breakout, Cypress Semiconductor – CY

Technology may be the broader market’s leader, but the traditional backbone of the sector, Semiconductors, is not agreeing with the move. Cypress Semiconductor (CY) has the qualities this market has been embracing, but as with most issues, it will ultimately trend where its parent sector goes. CY is also questionalble for its light-volume breakout. The following two charts show this divergence.

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