Lattice Semiconductor is one of the top-notch growth stocks in the electronics-semiconductor fabless group. It holds robust technical ratings but has fallen in heavy volume below its 10-week moving average.
Shares dived in late April but remain within a base. The buy point of 96.92 remains a lofty goal after the plunge, according to IBD MarketSmith chart analysis.
Yet, this stock boasts a Composite Rating of 98 and a perfect EPS Rating of 99. The Relative Strength Rating isn't far behind, at 96.
Shares fell ahead of earnings on May 1 and pared some losses on light volume after results. But they failed to retake the 50-day line.
Stronger volume supported price action as the stock tried and again failed to find support at the 21-day line after Q1 results. Sales of the Hillsboro, Ore.-based company grew 22% to $184.3 million while earnings per share of 51 cents marked 38% growth.
Growth Stocks Leader Analog Devices Shows Weak Action
Analog Devices is also a market leader with a set of robust technical numbers. The 97 Composite and 93 EPS Ratings show strength while the 87 Relative Strength Rating indicates superior performance.
However, the growth stock undercut its base in strong volume late April and remains below its 50-day line. The up/down volume ratio is 0.8, with more down than up days for this leading stock in the electronics semiconductor manufacturing group.
Q1 sales grew 21% to $3.2 billion while earnings of $2.75 per share marked robust 42% growth. Q2 earnings are due May 24.
Chinese Leisure and travel stock Trip.com is a third growth stock to avoid in the near term. Sales declined 1% to $729.3 million in the fourth quarter while earnings per share of 11 cents showed strong 46% growth.
However, the up-down volume ratio of 0.9% shows considerable weakness in the short-term. And, while the 93 Composite and 90 Relative Strength Ratings impress, shares fell well below its 10-week line in April.
Earnings are due on May 24.
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