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Linear Tech (LLTC) Upgrade Alert, Watch for 0.3% Technical Downtrend Reversal - 11/3/2009 8:42:57 AM

By Chip Brian, SmarTrend Analytics Team
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Linear Tech (NASDAQ:LLTC) upgraded to Overweight from Equal Weight at Morgan Stanley. The stock closed yesterday at $25.77 on volume of 4,746,411 shares, above average daily volume of 0.

Linear Technology is currently below its 50-day moving average of $27.15 and should find support at its 200-day moving average of $24.36.

SmarTrend is bearish on shares of LLTC and our subscribers received a Downtrend alert on November 02, 2009 at $25.85, which has returned 0.3% to date.

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