Monolithic Power Systems (MPWR) : Traders are bullish on Monolithic Power Systems (MPWR) as it has outperformed the S&P 500 by a wide margin of 4.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.01%, 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 5.19% in the last 1 week, and is up 4.05% 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 5.65% and the 50-Day Moving Average is 7.74%.The 200 Day SMA reached 22.26%
Monolithic Power Systems (NASDAQ:MPWR): After opening at $79.27, the stock dipped to an intraday low of $79.27 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $80.94 and the buying power remained strong till the end. The stock closed at $80.5 for the day, a gain of 1.96% for the day session. The total traded volume was 787,404. The stocks close on the previous trading day was $80.5.
Monolithic Power Systems (MPWR) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $82 and the lowest price target forecast is $68. The average forecast of all the analysts is $78.17 and the expected standard deviation is $5.08.
Monolithic Power Systems, Inc. provides integrated power solutions. The Company provides power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS can be contacted through its Website at www.monolithicpower.com or its support offices around the world. The Company is headquartered in San Jose, California.