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Monolithic Power Set to Possibly Pullback After Yesterday's Rally of 1.73%

By Shiri Gupta

Monolithic Power (NASDAQ:MPWR) traded in a range yesterday that spanned from a low of $156.69 to a high of $160.24. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $157.80 on volume of 85,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Monolithic Power share prices have been bracketed by a low of $101.99 and a high of $161.50 and are now at $160.18, 57% above that low price. The 200-day and 50-day moving averages have moved 0.41% higher and 1.37% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Monolithic Power on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $125.02. Since that recommendation, shares of Monolithic Power have risen 26.0%. We continue to monitor MPWR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders monolithic power

Ticker(s): MPWR