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Amkor Tech Inc Crosses Above its 10-day MA (AMKR)

By David Diaz

Amkor Tech Inc (NASDAQ:AMKR) shares have crossed bullishly above their 10-day moving average of $8.71 on a volume of 360K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Amkor Tech Inc has traded in a range of $5.72 to $11.68 and is now at $8.87, 55% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.2%.

SmarTrend recommended that subscribers consider buying shares of Amkor Tech Inc on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.01. Since that recommendation, shares of Amkor Tech Inc have risen 22.8%. We continue to monitor AMKR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amkor tech inc

Ticker(s): AMKR