Linear Technology Corp.(LLTC) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Linear Technology Corp.(LLTC) closed at 36.35, down -0.39 or -1.06 % today. Based on our analysis, Linear Technology Corp.(LLTC) is in an uptrend but could lose its momentum.

The closing price of Linear Technology Corp.(LLTC) is above its 50 day moving average of 33.84 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Linear Technology Corp.(LLTC) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 20-May-2008, about 7 trading days ago.