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Is MPWR preparing to trend lower? 50 Day Moving Average Resistance shows up after rising 1.52%
On Tuesday, August 11th, MPWR moved up 1.52% while volume shrunk to 0.4× the usual levels. 50 DMA Resistance was spotted, which could indicate a shift in momentum. Key support levels exist at 1380.16, 1358.21 & 1332.79, with resistance at 1427.53, 1452.95 & 1474.9.
Current SwingTradeBot Technical Rating of MPWR: B
This might just be the start. See what else showed up for MPWR today.
Read full article here »