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Shares of Amkor Tech Inc Has Fallen Below Previous 52-Week Low

By Shiri Gupta

Amkor Tech Inc (NASDAQ:AMKR) traded at a new 52-week low today of $6.63. So far today approximately 107,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.

Amkor Tech Inc has overhead space with shares priced $6.64, or 33.0% below the average consensus analyst price target of $9.92. The stock should run into initial resistance at its 50-day moving average (MA) of $8.18 and subsequent resistance at its 200-day MA of $9.26.

Amkor Technology, Inc. provides semiconductor packaging and test services. The Company offers deep submicron wafer fabrication, wafer probe testing, integrated circuit packaging assembly and design, final testing, reliability testing, burn-in, and electrical characterization.

In the past 52 weeks, shares of Amkor Tech Inc have traded between the current low of $6.63 and a high of $11.88 and are now at $6.64. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Amkor Tech Inc on March 28th, 2018 by issuing a Downtrend alert when the shares were trading at $10.00. Since that call, shares of Amkor Tech Inc have fallen 33.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows amkor tech inc

Ticker(s): AMKR