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Macom Technology Bullish Moving Average Crossover Alert (MTSI)

By Nick Russo

Today, shares of Macom Technology (NASDAQ:MTSI) have advanced above their 10-day MA of $24.33 on a volume of 132K 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.

Over the past year, Macom Technology has traded in a range of $15.46 to $65.99 and is now at $25.21, 63% above that low. The 200-day and 50-day moving averages have moved 0.83% lower and 2.61% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Macom Technology on May 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.16. Since that recommendation, shares of Macom Technology have risen 14.1%. We continue to monitor MTSI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses macom technology

Ticker(s): MTSI