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Shares of AMCC Up 27.3% Since Uptrend Call on Shares

By James Quinn

SmarTrend identified an Uptrend for Applied Micro Ci (NASDAQ:AMCC) on October 28th, 2016 at $6.64. In approximately 9 months, Applied Micro Ci has returned 27.26% as of today's recent price of $8.45.

In the past 52 weeks, Applied Micro Ci share prices have been bracketed by a low of $4.93 and a high of $9.05 and are now at $8.45, 71% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Applied Micro Circuits Corporation designs, develops, manufactures, and markets high-performance, high-bandwidth silicon solutions for the world's communications infrastructure. The Company provides products for the automated test equipment, high-speed computing, and military markets.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Applied Micro Ci shares.

Log in and add Applied Micro Ci (AMCC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights applied micro ci

Ticker(s): AMCC