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Stock to Watch: Himax Technologies Up 6.5% (HIMX)
Mar 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Himax Technologies (NASDAQ:HIMX) is one of today's best performing low-priced stocks, up 6.5% to $3.43 on 3.3x average daily volume. Himax Technologies has traded 1.9 million shares thus far today, vs. average volume of 590,000 shares per day. The stock has outperformed the Dow (6.5% to the Dow's 0.3%) and outperformed the S&P 500 (6.5% to the S&P's 0.2%) during today's trading.
In the past 52 weeks, Himax Technologies share prices have been bracketed by a low of $0.97 and a high of $3.44 and are now at $3.43, 254% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 2.2%.
Himax Technologies, Inc. designs and manufactures integrated circuits. The Company produces liquid crystal displays (LCD).
Potential upside of 10.8% exists for Himax Technologies, based on a current level of $3.43 and analysts' average consensus price target of $3.80. The stock should find initial support at its 50-day moving average (MA) of $2.83 and further support at its 200-day MA of $2.14.
SmarTrend recommended that subscribers consider buying shares of Himax Technologies on August 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.82. Since that recommendation, shares of Himax Technologies have risen 77.4%. 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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