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Bearish Moving Average Cross by Linear Technology (LLTC)

By Shiri Gupta

Linear Technology (NASDAQ:LLTC) shares have crossed bearishly below their 10-day moving average of $58.36 on a volume of 713K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Linear Technology have traded between a low of $36.41 and a high of $64.42 and are now at $58.24, which is 60% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Linear Technology on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.58. Since that recommendation, shares of Linear Technology have risen 23.1%. We continue to monitor LLTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Linear Technology

Ticker(s): LLTC