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Macom Technology Declining With Trend-Confirming Volume (MTSI)

By David Diaz

Shares of Macom Technology are trading down 3.0% to $14.09 today on above average volume. Today's volume of 1.3 million shares tops the average 30-day volume of 949,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Macom Technology on March 27th, 2019 by issuing a Downtrend alert when the shares were trading at $16.26. Since that call, shares of Macom Technology have fallen 11.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Macom Technology share prices have been bracketed by a low of $12.48 and a high of $25.92 and are now at $14.40, 15% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.7%.

Keywords: unusual volume macom technology

Ticker(s): MTSI