Allegro Microsystems Inc (ALGM +$4.36 or +9.24% to $51.53) finished strong yellow with pivot point cited based on its 4/03/23 high plus 10 cents in the earlier mid-day report (read here). Today's 5th consecutive gain with ever-increasing volume had it hitting a new all-time high. The gain and strong close above the pivot point was backed by +183% above average volume triggering a proper technical buy signal. It found support above its 200 DMA line since dropped from the Featured Stocks list on 4/25/23.

ALGM was last shown in greater detail on 4/11/23 with an annotated graph under the headline, "Consolidating Near 50 DMA Line After Recent Rally". The company hails from the Elec-Semiconductor Fabless group which is currently ranked 2nd on the 197 Industry Groups list. It has a highest possible 99 Earnings Per Share Rating. Quarterly comparisons through Mar '23 have been above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since its $14 IPO in Oct '20. ALGM has a new CEO as of Jun '22.

The number of top-rated funds owning its shares rose from 341 in Mar '22 to 611 in Jun '23, a reassuring sign concerning the I criteria. The current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.

Allegro Microsystems Inc (ALGM -$0.84 or -1.82% to $45.36) ended lower today with below-average volume, consolidating just above its 50-day moving average (DMA) line ($44.31) which defines important near-term support to watch on pullbacks.

ALGM was highlighted in yellow with pivot point cited based on its 12/28/21 high plus 10 cents in the 1/31/23 mid-day report (read here). It was last shown in greater detail on 3/22/23 with an annotated graph under the headline, "Extended From Prior Base and Perched Near All-Time High".

The company hails from the Elec-Semiconductor Mfg group which is currently ranked 1st on the 197 Industry Groups list. It has a highest possible 99 Earnings Per Share Rating. Quarterly comparisons through Dec '22 have been above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since its $14 IPO in Oct '20. ALGM has a new CEO as of Jun '22.

The number of top-rated funds owning its shares rose from 341 in Mar '22 to 527 in Mar '23, a reassuringn sign concerning the I criteria. The current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days.

Allegro Microsystems Inc (ALGM ) ended at the session low today with a loss on below average volume. It is extended from the previously noted base. Its 50-day moving average (DMA) line ($40.95) defines initial support to watch above the prior high in the $38 area.

ALGM was highlighted in yellow with pivot point cited based on its 12/28/21 high plus 10 cents in the 1/31/23 mid-day report (read here). It was last shown in greater detail on 3/01/23 with an annotated graph under the headline, "Holding its Ground After Rallying From Previously Noted Base".

The company hails from the Elec-Semiconductor Mfg group which is currently ranked 26th on the 197 Industry Groups list. It has a highest possible 99 Earnings Per Share Rating. Quarterly comparisons through Dec '22 have been above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since its $14 IPO in Oct '20. ALGM has a new CEO as of Jun '22.

The number of top-rated funds owning its shares rose from 341 in Mar '22 to 463 in Dec '22, a reassuringn sign concerning the I criteria. The current Up/Down Volume Ratio of 1.6 is an unbiased indication its shares have been under accumulation over the past 50 days.

Allegro Microsystems Inc (ALGM +$0.09 or +0.21% to $43.77) has been stubbornly holding its ground with volume totals cooling after getting extended from the previously noted base. The prior high in the $38 area defines initial support to watch on pullbacks.

ALGM was highlighted in yellow with pivot point cited based on its 12/28/21 high plus 10 cents in the 1/31/23 mid-day report (read here) and shown in greater detail that evening with an annotated graph under the headline, "Big Volume-Driven Gain for Best-Ever Close". It hit a new all-time high with a big gain backed by +378% above average volume after a deep 12-month consolidation. Subsequent gains helped clinch a technical buy signal.

The company hails from the Elec-Semiconductor Mfg group which is currently ranked 68th on the 197 Industry Groups list. It has a highest possible 99 Earnings Per Share Rating. Quarterly comparisons through Dec '22 have been above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since its $14 IPO in Oct '20. ALGM has a new CEO as of Jun '22.

The number of top-rated funds owning its shares rose from 341 in Mar '22 to 458 in Dec '22, a reassuringn sign concerning the I criteria. The current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days.

Allegro Microsystems Inc (ALGM +$3.74 or +10.86% to $38.17) was highlighted in yellow with pivot point cited based on its 12/28/21 high plus 10 cents in the earlier mid-day report (read here). It hit a new all-time high with today's big gain backed by +378% above average volume after a deep 12-month consolidation. Subsequent gains and a strong close above the pivot point may help clinch a technical buy signal.

The company hails from the Elec-Semiconductor Mfg group which is currently ranked 110th on the 197 Industry Groups list. Quarterly comparisons through Dec '22 have been above the +25% minimum earnings guideline (C criteria). Annual earnings history has been strong since its $14 IPO in Oct '20. ALGM has a new CEO as of Jun '22.

The number of top-rated funds owning its shares rose from 341 in Mar '22 to 425 in Dec '22, a reassuringn sign concerning the I criteria. However, the current Up/Down Volume Ratio of 0.8 is an unbiased indication its shares have encountered some distributional pressure over the past 50 days.

Volume Heavy Behind Considerable Breakout Gain - Thursday, July 13, 2023

Consolidating Near 50 DMA Line After Recent Rally - Tuesday, April 11, 2023

Extended From Prior Base and Perched Near All-Time High - Wednesday, March 22, 2023

Holding its Ground After Rallying From Previously Noted Base - Wednesday, March 1, 2023

Big Volume-Driven Gain for Best-Ever Close - Tuesday, January 31, 2023