Linear Technology Corporation (LLTC) : Traders are bullish on Linear Technology Corporation (LLTC) as it has outperformed the S&P 500 by a wide margin of 1.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.71% in the last 1 week, and is up 0.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.13% and the 50-Day Moving Average is 1.93%.The 200 Day SMA reached 25.2%
Linear Technology Corporation (NASDAQ:LLTC): After opening at $59.02, the stock dipped to an intraday low of $59.02 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $59.49 and the buying power remained strong till the end. The stock closed at $59.29 for the day, a gain of 0.30% for the day session. The total traded volume was 1,880,780. The stocks close on the previous trading day was $59.29.
Linear Technology Corporation (LLTC) : 9 Wall Street analysts covering Linear Technology Corporation (LLTC) believe that the average level the stock could reach for the short term is $58.56. The maximum price target given is $64 and the minimum target for short term is around $44, hence the standard deviation is calculated at $5.98.
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.