QLogic gaps up following stronger earnings, bullish pattern now active The company beat eparnings expectations by 2 cents when it reported results for its Q3 after the close yesterday. This morning the shares are up over 11%. This move higher has triggered a bullish flag pattern on the daily chart that has upside potential to the $13 area. That $13 level is where the stock began a rounding pattern decline back in September of last year. Support is at $12.34.
QLogic announces strategic partnership with ASI QLogic announced a strategic distribution agreement with ASI, a distributor of solution building I/O and reference architecture blueprints to its family of over 12,000 VARs throughout North America. QLogic and ASI will work together to provide increased sales and profitability to resellers who deliver optimized server and storage networking infrastructure solutions for next generation workloads to cloud, enterprise and telco customers in the U.S.