• Return to Headlines

Look for Shares of Integrated Device Technology to Potentially Rebound after Yesterday's 4.21% Sell Off

By Shiri Gupta

Integrated Device Technology (NASDAQ:IDTI) traded in a range yesterday that spanned from a low of $22.92 to a high of $23.70. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $23.08 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Integrated Device Technology share prices have moved between a 52-week high of $29.04 and a 52-week low of $4.60 and are now trading 411% above that low price at $23.49 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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

Keywords: rebounders integrated device technology

Ticker(s): IDTI