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Semtech Corp Falling Today on Above-Average Volume (SMTC)

By Nick Russo

The price of Semtech Corp shares has slipped to $51.60 (a 7.0% change) on heavy trading volume. Approximately 778,000 shares have changed hands today vs. average 30-day volume of 251,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Semtech Corp on February 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.47. Since that recommendation, shares of Semtech Corp have risen 7.8%. We continue to monitor SMTC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Semtech Corp have traded between a low of $34.65 and a high of $60.55 and are now at $55.50, which is 60% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 0.83% higher over the past week, respectively.

Keywords: unusual volume semtech corp

Ticker(s): SMTC