Got stopped out in the market selloff.
DSP Group, Inc., a fabless semiconductor company, provides wireless, audio, voice, and AI chipsets for smart-enabled devices. It operates through three segments: Home, Unified Communications, and SmartVoice. The Home segment offers wireless chipset solutions for converged communication at home, including integrated circuits for cordless phones, home gateway devices, integrated circuits addressing home automation applications, and fixed-mobile convergence solutions. The Unified Communications segment offers solution for unified communications products, including office solutions that offer businesses of all sizes VoIP terminals with converged voice and data applications. The SmartVoice segment offers products for the SmartVoice market that provide voice activation and recognition, voice enhancement, always-on and far-end noise elimination that target mobile phones, mobile hearables and headsets, and other devices that incorporate the company’s noise suppression and voice quality enhancement HDClear technology. The company markets and distributes its products through direct sales and marketing offices; and a network of global distributors to original equipment manufacturers and original design manufacturers. It has operations in the United States, Europe, Israel, Hong Kong, China, Japan, South Korea, Taiwan, India, and internationally. DSP Group, Inc. was incorporated in 1987 and is headquartered in San Jose, California.
Nice rebound after yesterday’s not so nice move. News came out today that DSP was acquiring a company. It’s good to see a growth company making moves to grow. When the news hit, the price took a hit to. It’s to be expected when you are spending money. Later, the price firmed and closed at…
Order filled and attempted break out, but no volume and it failed. It closed at its lows. Not a good start.
Stop Trigger = $18.10 | Limit = $18.10 | Stop Loss = $17.19 | 50% Position