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Himax Technologies, Inc. (HIMX) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 23 Sep 2016NoneBullish EngulfingWed, 14 Sep 20161.51%
***Stock database and scans are updated around midnight (New York time) every trading day.
8.63 0.00 (0%) Sep 26 4:00pm EDT
Open: 9.99 Range: 8.33 - 10.20 Vol: 22.07M Avg Vol: 3.02M
EPS: 0.21 P/E ratio: 51.84 EBITDA: 56.98M Mkt Cap: 1.84B
Analyze "HIMX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 10.67
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 10.39
Last Trade is below the 50 day moving average at 9.62
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 9.27
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of HIMX

Stock Trend Analysis - Buy, Sell or Hold "Himax Technologies, Inc." (HIMX)?

HIMX is in a very strong uptrend. In the last 52 weeks, HIMX has been trading above the 200 day moving average for 82% of the time with an average daily volume of 3M shares being traded. For the medium term however, the 50 day moving average is indicating a trading range with a bearish downward bias. HIMX's upward trend appears to be weakening but it is still not confirmed by the 200 SMA. Confidence in the buy the dips strategy seems to be waning. Barring some weakness in the 50 SMA, the 20 day moving average is however bucking the medium term trend as price has been trading above the 20 SMA for 82% of time for the last two months.Objectively, HIMX's primary trend is still up meaning the higher probability strategy is to still buy dips. Timing and the buy-in price are very critical at this juncture in order to secure profits. Traders who are thinking of going long HIMX shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 9.62 and 9.27 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "HIMX".

The analyst consensus estimates for the 1 year price target for this stock is $11.76* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 23 Sep 2016
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