2023-05-22 21:47:43 ET
Summary
- The stock has suffered big losses in recent weeks, but there are several reasons why sideways action is in store for MTSI.
- Guidance from MTSI was much worse than expected due to weak demand, but MTSI also sees improvement on the horizon.
- There are a number of developments to be gained by looking at the charts for MTSI, which could help decide how to position oneself.
- MTSI may have a better future down the line, but for now, the stock is likely to remain stuck in neutral for a while.
For further details see:
MACOM Technology Solutions Holdings Is Most Likely Going Sideways