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Monolithic Power Crosses Above its 10-day MA (MPWR)

By James Quinn

Monolithic Power (NASDAQ:MPWR) crossed over its 10-day moving average of $128.08 on a volume of 127K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Monolithic Power has traded in a range of $101.99 to $161.22 and is now at $128.65, 26% above that low. The 200-day and 50-day moving averages have moved 0.27% lower and 1.02% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Monolithic Power and will alert subscribers who have MPWR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses monolithic power

Ticker(s): MPWR