TriQuint breaks out of multi-year range after results beat expectations The shares are up over 16% after the company turned in better than expected results for the quarter and raised its outlook sharply for the full year. At the current price of $7.90, the stock is now above the bulk of the highs of the last 2 years. This sort of range break after consistently hitting resistance forming a rectangular top is typically long-term bullish. The bulk of the range in the last two years has topped out at $7. Next resistance is at $8.27, a pivot high from 2011. Support is at $7.42.
RF Micro Devices and TriQuint recommended at Craig-Hallum Craig-Hallum recommends RF Micro Devices (RFMD) and TriQuint (TQNT) and believes the combined company will imply EPS in the $1.40 range. The analyst said the RF Semi space has some of the best growth in tech and reiterates its Buy ratings for both companies.