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Microsemi Corp: The Winning Streak Continues (MSCC)

By James Quinn

Shares of Microsemi Corp (NASDAQ:MSCC) traded today at $68.60, breaking its 52-week high. Approximately 465,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

Based on a current price of $68.60, Microsemi Corp is currently 0.6% above its average consensus analyst price target of $68.19. Microsemi Corp shares have support at the 50-day moving average (MA) of $36.28 and additional support at the 200-day MA of $34.03.

Microsemi Corporation offers a comprehensive portfolio of semiconductor solutions for communications, defense, aerospace, and industrial markets. The Company's products include analog and RF devices, mixed-signal and RF ICs, ultra low-power radios, customizable SoCs, FPGAs, and complete subsystems.

In the past 52 weeks, shares of Microsemi Corp have traded between a low of $29.68 and a high of $68.60 and are now at $68.60, which is 131% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Microsemi Corp on February 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.43. Since that recommendation, shares of Microsemi Corp have risen 11.7%. We continue to monitor MSCC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows microsemi corp

Ticker(s): MSCC