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Macom Technology Crosses Above its 10-day MA (MTSI)

By Amy Schwartz

Today, shares of Macom Technology (NASDAQ:MTSI) have advanced above their 10-day MA of $15.79 on a volume of 186K 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.

Over the past year, Macom Technology has traded in a range of $12.48 to $24.95 and is now at $16.50, 32% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Macom Technology on March 27th, 2019 by issuing a Downtrend alert when the shares were trading at $16.26. Since that call, shares of Macom Technology have fallen 4.4%. 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