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After the close last night, Lattice Semiconductor stepped forward to warn that it now forecasts third-quarter revenue to be flat to down 2% sequentially. The company also stated that it will record a one-time restructuring charge in the third quarter of $1.4 million to $1.7 million related to the headcount reduction it announced on September 4.
| LSCC | 1.7 |  0.01 |
Technically speaking, the equity has bounced off its August lows at 4.40 and climbed back above support at its ascending 10-day and 20-day moving averages. This rally has carried the shares not only back above former resistance/support at the 5.60, but the equity has also moved above its 20-week trendline, which has guided the shares lower since late December. However, the stock is poised to gap lower this morning, with the security down more than 9% in electronic trading.
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