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Recent 52-Week High Exceeded in Shares of Microsemi Corp (MSCC)

By David Diaz

Shares of Microsemi Corp (NASDAQ:MSCC) traded at a new 52-week high today of $68.67. So far today approximately 445,000 shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.

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.

Microsemi Corp (NASDAQ:MSCC) is currently priced 0.7% above its average consensus analyst price target of $68.19. Microsemi Corp shares have support at the 50-day moving average (MA) of $65.52 and additional support at the 200-day MA of $57.05.

In the past 52 weeks, shares of Microsemi Corp have traded between a low of $29.68 and a high of $68.67 and are now at $68.64, which is 131% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.2%.

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