$UCTT go long, potential outperformer in semi equipment space
Updated
UCTT has begun to outperform the overall semiconductor industry represented by the etf SMH. The trend has clearly been broken on the weekly chart.
There has been a good amount of volume in this week so far, creating that very bullish weekly candle. Hoping we finish strong this week. Looking to create a position if it shows continuation.
EV/EBITDA ratios for the leaders in the semiconductor manufacturing equipment; as you can see UCTT has the best one since any EV/EBITDA below 10 is considered healthy.
8.2577 UCTT
16.5404 AMAT
19.0102 LRCX
18.1225 KLAC
There has been a good amount of volume in this week so far, creating that very bullish weekly candle. Hoping we finish strong this week. Looking to create a position if it shows continuation.
EV/EBITDA ratios for the leaders in the semiconductor manufacturing equipment; as you can see UCTT has the best one since any EV/EBITDA below 10 is considered healthy.
8.2577 UCTT
16.5404 AMAT
19.0102 LRCX
18.1225 KLAC
Note
EBITDA & PEG ratio trending positively over the last few quarters. Big buy. I think I'm right about this one because I was dead wrong about the DOT outperformance of ATOM because ATOM has a smaller market cap and more room to grow (easier to move); same thing with UCTT in comparison to its peers.
So I see this coming to fruition. Full disclosure, I have no position so far, was waiting for the trigger to buy calls. May buy stock beforehand.
Note
No trades initiated yet, honestly, this sell-off was a blessing. On my hit list for the end of the week, or early next week. And UCTT held up much better than its peers, like AMAT which was down over 6% today.
Eyes on the chart, waiting for the trigger.
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