Linear Technology Corporation (LLTC) has risen sharply, recording gains of 6.13% in the past 4 weeks. However, the stock has corrected -0.58% in the past 1 week, providing a good buying opportunity on dips. Linear Technology Corporation (LLTC) : During the past 4 weeks, traders have been relatively bearish on Linear Technology Corporation (LLTC), hence the stock is down -0.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.18% relative to the S&P 500.
Linear Technology Corporation (NASDAQ:LLTC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.80 and $47.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.31, notching a gain of 0.77% for the day. The total traded volume was 2,229,589 . The stock had closed at $47.94 on the previous day.
The stock has recorded a 20-day Moving Average of 2.8% and the 50-Day Moving Average is 3.54%. Linear Technology Corporation is up 4.91% in the last 3-month period. Year-to-Date the stock performance stands at 15.48%.
Linear Technology Corporation (Linear Technology) is engaged in designing, manufacturing and marketing a line of high performance analog integrated circuits for companies across the world. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, Module subsystems, and wireless sensor network products. The Company produces a range of products for a variety of customers and markets. The Companys SmartMesh IP and SmartMesh WirelessHART technology offers wireless network based solutions using low power electronic components, board level products with mesh networking and software addressing high level applications such as industrial process automation, data center energy management, building energy management, renewable energy monitoring, and transportation management systems.