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Watch for Continued Losses in Shares of Macom Technology (MTSI)

By David Diaz

Macom Technology (NASDAQ:MTSI) traded today at a new 52-week low of $15.31. This new low was reached on below average trading volume as 178,000 shares traded hands, while the average 30-day volume is approximately 593,000 shares.

MACOM Technology Solutions Holdings, Inc. provides analog semiconductor solutions. The Company supplies semiconductors, active and passive components, and sub-assemblies for use in radio frequency, microwave, and millimeter wave applications. MACOM Technology Solutions serves customers throughout the United States.

Macom Technology share prices have moved between a 52-week high of $43.92 and the current low of $15.31 and are currently at $15.38 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 1.1%.

Macom Technology has overhead space with shares priced $15.38, or 40.4% below the average consensus analyst price target of $25.80. Macom Technology shares should first meet resistance at the 50-day moving average (MA) of $21.22 and find additional resistance at the 200-day MA of $23.19.

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

Keywords: 52 week high/lows macom technology

Ticker(s): MTSI