Another stock on my radar is Cypress Semiconductor - A name I have been in for a few months. Sporting a lofty yield and making accretive acquisitions and mergers, I feel as though this stock has great potential and is paying you to wait.
More importantly, the technical indicators are showing me that Cypress has bottomed, and is now beginning it march higher.
The stock held its 200 day moving average multiple times in May, forming a nice double bottom. It then subsequently retraced 38.2% to its current price, $13.74. Although you wouldn't be early, I think that getting into Cypress Semiconductor now will still reward you with a few points worth of upside.
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