Best Cheapest Stocks To Watch Right Now: Pixelworks Inc.(PXLW)
Pixelworks, Inc., together with its subsidiaries, engages in the design, development, and marketing of video and pixel processing semiconductors and software for digital video applications. Its products include ImageProcessor integrated circuits (ICs), which comprise embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems, such as projectors and high-resolution flat panels; Video Co-Processor ICs that work in conjunction with an image processor to post-process video signals to enhance the performance or feature set of the overall video solution; and Networked Display ICs, which allow the same video stream to be networked across multiple displays. The company serves the manufacturers of digital display and projection devices, such as liquid crystal display (LCD) large-screen televisions and 3LCD, and digital light processing digital front projectors, as well as the flat pa nel display market, including digital signage. Pixelworks, Inc. sells its products through its direct sales force, distributors, and manufacturers? representatives in Japan, Taiwan, China, Korea, the United States, Europe, and southeast Asia. The company was founded in 1997 and is based in San Jose, California.Advisors' Opinion:
- [By Jon C. Ogg]
Pixelworks Inc. (NASDAQ: PXLW) showed that its second-quarter revenue rose by 15.5% due to increased sales of chips for both projectors and TVs. Shares were up 26% at $4.50 in the Tuesday after-hours session, but we would warn that volume is not as active and a wide spread may have amped the gain. Now we have shares up a whopping 44% at $5.15, and volume has become active as a result.
- [By Roberto Pedone]
A semiconductor stock that looks poised for higher prices is Pixelworks (PXLW), which designs, develops and markets video and pixel processing semiconductors! and software for high-end digital video applications. This stock has been in play with the bulls so far in 2013, with shares up by 104%.
If you take a look at the chart for Pixelworks, you'll notice that this stock has been uptrending for the last month and change, with shares moving higher from its low of $3.63 to its intraday high of $4.74 a share. During that uptrend, shares of PXLW have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now started to push shares of PXLW into breakout territory above $4.58 a share with strong upside volume flows. Volume so far today has already surpassed 1 million shares, which is well above its three-month average action of 334,348 shares.
Market players should now look for long-biased trades in PXLW if it manages to break out above Thursday's intraday high of $4.74 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 334,348 shares. If we get that move soon, then PXLW will set up to re-test or possibly take out its 52-week high at $5.30 a share. Any high-volume move above $5.30 will then give PXLW a chance to tag $6 a share.
Traders can look to buy PXLW off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day moving average of $3.92 a share, or below some more support at $3.80 a share. One can also buy PXLW off strength once it clears $4.74 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.
source from Top Penny Stocks For 2015:http://www.topstocksforum.com/best-cheapest-stocks-to-watch-right-now-2.html