Shares of NXP Semiconductors Rise to a New 52-Week High
Shares of NXP Semiconductors (NASDAQ:NXPI) traded at a new 52-week high today of $32.38. This new high was reached on below average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 2.5 million shares.
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.
NXP Semiconductors (NASDAQ:NXPI) has potential upside of 8.7% based on a current price of $32.38 and analysts' consensus price target of $35.18. NXP Semiconductors shares have support at the 50-day moving average (MA) of $27.37 and additional support at the 200-day MA of $24.25.
In the past 52 weeks, NXP Semiconductors share prices have been bracketed by a low of $18.57 and a high of $32.38 and are now at $32.38, 74% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.7%.
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 27.5%. 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