Bullish Moving Average Cross by Microsemi (MSCC)
Today, shares of Microsemi (NASDAQ:MSCC) have crossed bullishly above their 10-day moving average of $41.06 on a volume of 145K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Microsemi have traded between a low of $20.61 and a high of $42.17 and are now at $41.39, which is 101% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.02% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Microsemi on June 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.14. Since that recommendation, shares of Microsemi have risen 19.7%. We continue to monitor MSCC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses microsemi