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Is MPWR preparing to trend higher? Crossed Above 50 Day Moving Average shows up after surging 7.97%
On Thursday, June 18th, MPWR moved up 7.97% while volume surged to 2.7× the usual levels. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Crossed Above 50 DMA and Pocket Pivot suggesting upside potential, while 20 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 1525.87, 1488.03 & 1460.45, with resistance at 1591.29, 1618.87 & 1656.71.
Current SwingTradeBot Technical Rating of MPWR: C
See all signals and full analysis for MPWR on SwingTradeBot.com →
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