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Vishay Intertechnology Pops On Earnings, But Market Cycles Suggest Buyers Should Wait

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Chipmaker Vishay Intertechnology (NYSE: VSH) traded 8% higher on Tuesday morning, after reporting earnings that beat Wall Street expectations. The company reported earnings per share of $0.40 and total revenue of $717 million, compared to analyst estimates of $0.36 and $691 million. They also increased their dividend by 26% to $0.085 from $0.0675.

In analyzing the chart, we are less enthusiastic about the stock. VSH is currently trading in a resistance zone and is set to begin the declining phase of its current market cycle. We expect another pullback into late June near $18. If that holds, it may be an opportunity to buy. For an introduction to cycle analysis, check out our Stock Market Cycles video.

Vishay Intertechnology Stock Chart with Weekly Bars

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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