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Bearish Moving Average Cross by Integrated Device Technology (IDTI)

By Shiri Gupta

Integrated Device Technology (NASDAQ:IDTI) crossed under its 10-day moving average of $23.29 on a volume of 368K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Integrated Device Technology share prices have moved between a 52-week high of $29.04 and a 52-week low of $4.60 and are now trading 400% above that low price at $23.00 per share. The 200-day and 50-day moving averages have moved 0.04% lower and 0.64% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Integrated Device Technology on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.59. Since that recommendation, shares of Integrated Device Technology have risen 13.6%. We continue to monitor IDTI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses integrated device technology

Ticker(s): IDTI