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Shares of SMTC Up 22.3% Since Uptrend Call on Shares

By James Quinn

SmarTrend identified an Uptrend for Semtech Corp (NASDAQ:SMTC) on March 12th, 2018 at $35.28. In approximately 1 month, Semtech Corp has returned 22.32% as of today's recent price of $43.15.

In the past 52 weeks, Semtech Corp share prices have been bracketed by a low of $21.35 and a high of $44.85 and are now at $43.15, 102% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.4%.

Semtech Corporation designs, manufactures, and markets a wide range of analog and mixed-signal semiconductors, including integrated circuits, discrete circuits, and assembly products. The Company's devices are used in computer, communications, industrial, military-aerospace, and automotive applications.

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

Log in and add Semtech Corp (SMTC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights semtech corp

Ticker(s): SMTC