National Semiconductors (NSM) signals a short entry position with a break of the 20day price channel to the downside. Near 55day price channel support at $9.06. Entry at $9.40 with initial stop limit at $10.96 and pyramid price at $8.62. Aug 7.50 Puts priced at 0.75 by 0.85
Trade at your own risk with proper position sizing and risk management measures.
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