MPWR Makes Notable Cross Below Critical Moving Average

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In trading on Friday, shares of Monolithic Power Systems Inc (Symbol: MPWR) crossed below their 200 day moving average of $111.35, changing hands as low as $109.99 per share. Monolithic Power Systems Inc shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of MPWR shares, versus its 200 day moving average: Monolithic Power Systems Inc 200 Day Moving Average Chart

Looking at the chart above, MPWR's low point in its 52 week range is $88.19 per share, with $127.605 as the 52 week high point - that compares with a last trade of $110.94.

According to the ETF Finder at ETF Channel, MPWR makes up 2.95% of the SPDR S&P Semiconductor ETF (Symbol: XSD) which is trading lower by about 2.7% on the day Friday.

Click here to find out which 9 other stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing
Referenced Symbols: MPWR , XSD

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