• Return to Headlines

Macom Technology Bearish Moving Average Crossover Alert (MTSI)

By Nick Russo

Today, shares of Macom Technology (NASDAQ:MTSI) have crossed bearishly below their 10-day moving average of $17.80 on a volume of 646K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Macom Technology has traded in a range of $15.46 to $65.99 and is now at $17.59, 14% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Macom Technology on August 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $47.27. Since that call, shares of Macom Technology have fallen 59.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses macom technology

Ticker(s): MTSI