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Shares of NXP Semiconductors Rise to a New 52-Week High

By Amy Schwartz

Shares of NXP Semiconductors (NASDAQ:NXPI) traded at a new 52-week high today of $47.80. So far today approximately 254,000 shares have been exchanged, as compared to an average 30-day volume of 3.3 million shares.

In the past 52 weeks, NXP Semiconductors share prices have been bracketed by a low of $24.66 and a high of $47.80 and are now at $47.29, 92% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 1.2%.

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.

There is potential upside of 2.5% for shares of NXP Semiconductors based on a current price of $47.29 and an average consensus analyst price target of $48.47. NXP Semiconductors shares have support at the 50-day moving average (MA) of $43.02 and additional support at the 200-day MA of $35.94.

SmarTrend recommended that subscribers consider buying shares of NXP Semiconductors on October 29th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.58. Since that recommendation, shares of NXP Semiconductors have risen 12.4%. 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

Ticker(s): NXPI