SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of Linear Technology (LLTC)
SmarTrend identified a Downtrend for Linear Technology (NASDAQ: LLTC) on January 19, 2010 at $28.96. In approximately 2 months, Linear Technology has returned 5.9% as of today's recent price of $27.24.
Linear Technology is currently below its 50-day moving average of $28.35 and should find support at its 200-day moving average of $26.63. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Linear Technology.
Write to Chip Brian at cbrian@tradethetrend.com
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