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Cirrus Logic: 52-Week High Recently Eclipsed (CRUS)

By Shiri Gupta

Shares of Cirrus Logic (NASDAQ:CRUS) traded today at $71.97, breaking its 52-week high. So far today approximately 88,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.

In the past 52 weeks, shares of Cirrus Logic have traded between a low of $24.56 and a high of $71.97 and are now at $71.06, which is 189% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

Cirrus Logic (NASDAQ:CRUS) is currently priced 7.7% above its average consensus analyst price target of $65.60. Cirrus Logic shares have support at the 50-day moving average (MA) of $35.52 and additional support at the 200-day MA of $31.83.

Cirrus Logic, Inc. designs and manufactures integrated circuits that employ precision linear and advanced mixed-signal processing technologies. The Company's products enable system-level applications in mass storage, audio, and precision data conversion. Cirrus serves a broad customer base in the mass storage, industrial, and audio markets.

SmarTrend recommended that subscribers consider buying shares of Cirrus Logic on March 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.17. Since that recommendation, shares of Cirrus Logic have risen 22.3%. We continue to monitor CRUS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cirrus logic

Ticker(s): CRUS