NXP Semiconductors: 52-Week High Recently Eclipsed (NXPI)
Shares of NXP Semiconductors (NASDAQ:NXPI) traded today at $31.52, breaking its 52-week high. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 2.3 million shares.
There is potential upside of 11.0% for shares of NXP Semiconductors based on a current price of $31.45 and an average consensus analyst price target of $34.91. The stock should discover initial support at its 50-day moving average (MA) of $27.05 and subsequent support at its 200-day MA of $24.16.
NXP Semiconductors NV operates as a global semiconductor company. The Company designs semiconductors and software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking. NXP offers its products to the automotive, identification, wireless infrastructure, lighting, mobile, and computing applications.
In the past 52 weeks, shares of NXP Semiconductors have traded between a low of $18.57 and a high of $31.52 and are now at $31.45, which is 69% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.9%.
SmarTrend recommended that subscribers consider buying shares of NXP Semiconductors on December 12th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.19. Since that recommendation, shares of NXP Semiconductors have risen 21.0%. We continue to monitor NXPI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows nxp semiconductors