Microsemi Corporation (MSCC) Shares are Up 2.49%

Microsemi Corporation (MSCC) : Traders are bullish on Microsemi Corporation (MSCC) as it has outperformed the S&P 500 by a wide margin of 5.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.32%, 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 2.49% in the last 1 week, and is up 4.66% 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 3.67% and the 50-Day Moving Average is 6.47%.The 200 Day SMA reached 19.72%


Microsemi Corporation (NASDAQ:MSCC): After opening at $41.18, the stock dipped to an intraday low of $41.01 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $42.19 and the buying power remained strong till the end. The stock closed at $41.98 for the day, a gain of 2.72% for the day session. The total traded volume was 1,499,307. The stocks close on the previous trading day was $41.98.

Microsemi Corporation (MSCC) : 7 Wall Street analysts covering Microsemi Corporation (MSCC) believe that the average level the stock could reach for the short term is $47. The maximum price target given is $51 and the minimum target for short term is around $40, hence the standard deviation is calculated at $3.65.

Microsemi Corporation (Microsemi) is a designer, manufacturer and marketer of high-performance analog and mixed-signal semiconductor solutions. Microsemis products include high-performance and radiation-hardened analog mixed-signal integrated circuits (ICs), field programmable gate arrays (FPGAs), system on chip solutions (SoCs) and application-specific integrated circuits (ASICs); power management products; timing and synchronization devices and precise time solutions; voice processing devices; radio frequency (RF) solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet (PoE) ICs and midspans. The principal end markets that its serves include aerospace, communications, defense and security, and industrial. Its products are found in various applications, such as communications infrastructure systems; military and commercial satellites and aircrafts, oil field equipment, and airport security systems.

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