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Bearish Moving Average Cross by Monolithic Power (MPWR)

By Nick Russo

Monolithic Power (NASDAQ:MPWR) crossed under its 10-day moving average of $153.89 on a volume of 252K 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 Monolithic Power have traded between a low of $101.99 and a high of $161.22 and are now at $142.86, which is 40% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 1.03% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Monolithic Power on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $116.85. Since that recommendation, shares of Monolithic Power have risen 33.7%. We continue to monitor MPWR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses monolithic power

Ticker(s): MPWR