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Microsemi Crosses Below its 10-day MA (MSCC)

By Shiri Gupta

Today, shares of Microsemi (NASDAQ:MSCC) have fallen below their 10-day MA of $48.94 on a volume of 814K 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.

In the past 52 weeks, Microsemi share prices have been bracketed by a low of $20.61 and a high of $57.97 and are now at $48.52, 135% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.02% higher over the past week, respectively.

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 5.1%. 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