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Traders Get Bullish on Shares of Himax Technologies, Shares Up 5.6% (HIMX)
Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
Himax Technologies (NASDAQ:HIMX) is one of today's best performing low-priced stocks, up 5.6% to $1.70 on 1.2x average daily volume. Himax Technologies has traded 768,000 shares thus far today, vs. average volume of 658,000 shares per day. The stock has outperformed the Dow (5.6% to the Dow's -0.2%) and outperformed the S&P 500 (5.6% to the S&P's -0.3%) during today's trading.
Himax Technologies, Inc. designs and manufactures integrated circuits. The Company produces liquid crystal displays (LCD).
Potential upside of 17.6% exists for Himax Technologies, based on a current level of $1.70 and analysts' average consensus price target of $2.00. Himax Technologies shares have support at the 200-day moving average (MA) of $1.50 and additional support at the 50-day MA of $1.21.
In the past 52 weeks, shares of Himax Technologies have traded between a low of $0.97 and a high of $2.69 and are now at $1.70, which is 75% above that low price. The 200-day and 50-day moving averages have moved 0.81% lower and 3.04% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Himax Technologies on January 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.21. Since that recommendation, shares of Himax Technologies have risen 33.1%. We continue to monitor HIMX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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