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Microsemi Crosses Above its 10-day MA (MSCC)

By Nick Russo

Today, shares of Microsemi (NASDAQ:MSCC) have advanced above their 10-day MA of $48.91 on a volume of 115K 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, Microsemi has traded in a range of $20.61 to $57.97 and is now at $49.01, 138% above that low. 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 its subscribers protect gains by selling shares of Microsemi on March 9th, 2017 by issuing a Downtrend alert when the shares were trading at $51.78. Since that call, shares of Microsemi have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses microsemi

Ticker(s): MSCC