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Watch for Continued Gains in Shares of Integrat Device (IDTI)

By James Quinn

Shares of Integrat Device (NASDAQ:IDTI) traded at a new 52-week high today of $34.80. So far today approximately 95,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

Integrated Device Technology, Inc. designs, develops, manufactures, and markets a variety of semiconductor products and modules. Applications for the company's products include data and telecommunications equipment, storage area networks, networked peripherals and servers, and personal computers. The Company markets its products on a worldwide basis primarily to original equipment manufacturers.

There is potential upside of 5.7% for shares of Integrat Device based on a current price of $34.78 and an average consensus analyst price target of $36.78. Integrat Device shares have support at the 50-day moving average (MA) of $31.42 and additional support at the 200-day MA of $30.21.

In the past 52 weeks, Integrat Device share prices have been bracketed by a low of $18.49 and a high of $34.80 and are now at $34.78, 88% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Integrat Device on May 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.97. Since that recommendation, shares of Integrat Device have risen 10.7%. We continue to monitor IDTI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows integrat device

Ticker(s): IDTI