AMI Semiconductor (AMIS)


AMIS 1-year chart AMIS 1-year chart

"AMI Semiconductor is a leader in the design and manufacture of silicon solutions for the real world. As a widely recognized innovator in state-of-the-art integrated mixed-signal semiconductor products, mixed-signal foundry services and structured digital products, AMIS is committed to providing customers in the automotive, medical and industrial markets with optimal value, quickest time-to-market semiconductor solutions. Offering unparalleled manufacturing flexibility and dedication to customer service, AMI Semiconductor operates globally with headquarters in Pocatello, Idaho, European corporate offices in Oudenaarde, Belgium, and a network of sales and design centers located in the key markets of the North America, Europe and the Asia Pacific region." (company website)

AMIS 6-month chart
AMIS 1-year chart


I took advantage of this morning's steep selloff in the market to buy a lot of AMIS. AMIS got a big boost from its latest earnings report, and it has continued to climb. I may have been a bit hasty in jumping, but AMIS had already pulled back a bit from its recent peak.

  • Price momentum (PPO) — increasing sharply
  • Trend (ADX) — very strong and strengthening
  • Money flow (CMF) — strong inflow
  • Relative strength (RSI) — strong
  • Volume — increasing after the earnings report

Based on technical analysis, MarketEdge calls AMIS a "strong buy" in a "weak upward trend."


gain Bottom line

I decided to lock in profits on AMIS today. The stock just set a new 52-week high, is over-bought, and likely to pull back. The trend hasn't been particularly strong (in fact, ADX has been below the threshhold), and buying pressure (+DI) is starting to fall off. All this adds up to a good time to take profit.