Linear Technology Bearish Moving Average Crossover Alert (LLTC)
Today, shares of Linear Technology (NASDAQ: LLTC) have crossed bearishly below their 10-day moving average of $27.44 on volume of 669 thousand shares.
This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.
SmarTrend issued a Downtrend Alert for Linear Technology on January 19, 2010 at $28.96. In approximately 1 month, Linear Technology has returned 6.6% as of today's recent price of $27.05.
We will continue to monitor LLTC's share price relative to this moving average.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup
