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

By David Diaz

Today, shares of Macom Technology (NASDAQ:MTSI) have crossed bearishly below their 10-day moving average of $19.81 on a volume of 121K shares. This may provide swing traders with 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 $12.48 to $23.71 and is now at $19.30, 55% above that low. The 200-day and 50-day moving averages have moved 0.51% higher and 1.92% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Macom Technology on July 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.06. Since that recommendation, shares of Macom Technology have risen 17.0%. 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