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

By James Quinn

On Semiconductor (NASDAQ:ON) traded today at a new 52-week high of $17.22. This new high was reached on below average trading volume as 725,000 shares traded hands, while the average 30-day volume is approximately 3.3 million shares.

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.

In the past 52 weeks, shares of On Semiconductor have traded between a low of $8.11 and a high of $17.22 and are now at $17.18, which is 112% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.2%.

There is potential upside of 6.0% for shares of On Semiconductor based on a current price of $17.18 and an average consensus analyst price target of $18.21. On Semiconductor shares have support at the 200-day moving average (MA) of $9.65 and additional support at the 50-day MA of $9.37.

SmarTrend recommended that subscribers consider buying shares of On Semiconductor on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.54. Since that recommendation, shares of On Semiconductor have risen 9.9%. 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