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Monolithic Power Systems (MPWR) Is Gaining Ground After Upgrade

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6/8/2012 9:58 AM ET

Stifel Nicolaus upgraded its rating on shares of Monolithic Power Systems (MPWR: Quote) Friday morning to "Buy" from "Hold."

Monolithic Power Systems gapped open higher Friday and has continued to rise in early trade. Shares are now up 1.58 at $19.70. The stock has climbed to a 2 1/2 month high and has re-crossed its 50-day moving average.

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by RTT Staff Writer

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