CNXT designs and produces semiconductors for the broadband communications industry. The company's designs and products are used to process, transmit and distribute data, audio and video for both businesses and individual consumers using wireless and cable systems to personal computers and set-top boxes. The company also produces solutions for use in telecom central offices to enhance communications in copper wire and fiber networks. The company recently executed a reverse stock split and gave an upward revision for its 2008 Q4 earnings. Technically the stock has been moving up from its base in the 4 - 5 area and has successfully tested that base. It is now forming a base just above its 10-day moving average at 6. With increasing volume, the stock should penetrate resistance near 7 before moving to next resistance at 10. Ultimately, the stock should move back toward its 52-week high at 14.
$6.01 (08/18/08)
