STMicroelectronics (STM) is Flashing Both a Discount and a J-Hook Signal

While technical analysis is often regarded as an interpretive discipline and therefore subject to much criticism, there are a few indicators within the realm that provide a more rigorous or empirical framework. One such technical tool is the J-Pattern or J-Hook Pattern, among the many compelling Barchart Screeners. On Thursday, 17 securities flashed the J-Hook and arguably STMicroelectronics (STM) is the most compelling.

A semiconductor specialist, STMicroelectronics designs, develops, manufactures and markets a wide range of computer chip products. Notably, it serves diverse sectors, including automobiles, industrial, personal electronics and communications equipment. Among its core specialties are microcontrollers, analog chips, discrete power semiconductors and sensors. Thanks to its acumen, ST as its known plays an integral role in the Internet of Things.