Shares of Sanmina-SCI Rise to a New 52-Week High
Shares of Sanmina-SCI (NASDAQ:SANM) traded today at $15.12, breaking its 52-week high. So far today approximately 95,000 shares have been exchanged, as compared to an average 30-day volume of 572,000 shares.
Sanmina-SCI Corporation provides electronics contract manufacturing services to customers located around the world. The Company offers its customers expertise in new product introduction, manufacturing, and design and fabrication of complex interconnect products. Sanmina-SCI specializes in circuit fabrication, system assembly, integration, and high-end enclosures and cabling.
In the past 52 weeks, shares of Sanmina-SCI have traded between a low of $7.02 and a high of $15.12 and are now at $15.11, which is 115% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.9%.
Sanmina-SCI (NASDAQ:SANM) is currently priced 16.4% above its average consensus analyst price target of $12.62. The stock should find initial support at its 50-day moving average (MA) of $13.61 and further support at its 200-day MA of $10.96.
SmarTrend recommended that subscribers consider buying shares of Sanmina-SCI on March 14th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.99. Since that recommendation, shares of Sanmina-SCI have risen 24.9%. We continue to monitor SANM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows sanmina-sci