Monday, March 05, 2007

Hittite Microwave (HITT)

Here is a chart that has recently caught my attention again. Hittite Microwave (HITT) has had solid earnings growth. Hitt was a real high flier when it reported slightly lower revenue in October 2006 and subsequently received a 10%+ haircut (first gap). It traded lower and has recently shot back to $44 on a great earnings report (second gap). Look for the stock to trade back down to around $38 (on lighter volume of course).
I'll be a buyer at that price.

1 comment:

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