Since the end of May Cirrus Logic (CRUS) has been bumping its head against a well-established resistance area. On Wednesday the stock closed with a bullish engulfing pattern and when I took this snapshot of the stock’s chart it was just making a break above resistance. It’s important that you wait until the end of the day, preferably 30 minutes before the close, to make sure the stock is going to close above the resistance line.
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