Himax Technologies Bearish Moving Average Crossover Alert (HIMX)
Today, shares of Himax Technologies (NASDAQ:HIMX) have fallen below their 10-day MA of $10.48 on a volume of 4.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Himax Technologies has traded in a range of $5.65 to $12.00 and is now at $9.54, 69% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.
SmarTrend recommended that subscribers consider buying shares of Himax Technologies on August 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.83. Since that recommendation, shares of Himax Technologies have risen 9.2%. We continue to monitor HIMX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses himax technologies