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Shares of On Semiconductor Rise to a New 52-Week High

By Shiri Gupta

On Semiconductor (NASDAQ:ON) traded at a new 52-week high today of $26.82. Approximately 1 million shares have changed hands today, as compared to an average 30-day volume of 3.3 million shares.

On Semiconductor share prices have moved between a 52-week high of $26.82 and a 52-week low of $8.11 and are now trading 226% above that low price at $26.44 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 1.24% higher over the past week, respectively.

ON Semiconductor Corporation supplies analog, standard logic, and discrete semiconductors for data and power management. The Company's products include integrated circuits, and analog ICs. ON also offers discrete semiconductors in a variety of surface mount and standard packages.

On Semiconductor (NASDAQ:ON) is currently priced 1.3% above its average consensus analyst price target of $26.11. The stock should discover initial support at its 200-day moving average (MA) of $9.65 and subsequent support at its 50-day MA of $9.37.

SmarTrend recommended that subscribers consider buying shares of On Semiconductor on February 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.26. Since that recommendation, shares of On Semiconductor have risen 14.3%. We continue to monitor ON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ON Semiconductor

Ticker(s): ON