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Bearish Moving Average Cross by Semtech Corp (SMTC)

By James Quinn

Today, shares of Semtech Corp (NYSE:SMTC) have fallen below their 10-day MA of $37.20 on a volume of 871K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Semtech Corp has traded in a range of $21.35 to $41.15 and is now at $36.65, 72% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.4%.

SmarTrend is monitoring the recent change of momentum in Semtech Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Semtech Corp in search of a potential trend change.

Keywords: moving crosses semtech corp

Ticker(s): SMTC