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Bullish Moving Average Cross by Linear Technology (LLTC)

By Nick Russo

Linear Technology (NASDAQ:LLTC) shares have crossed bullishly above their 10-day moving average of $44.16 on a volume of 322K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Linear Technology share prices have been bracketed by a low of $36.41 and a high of $48.29 and are now at $44.40, 22% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 0.17% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Linear Technology on January 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.87. Since that recommendation, shares of Linear Technology have risen 4.9%. 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