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Shares of TTM Technologies Rise Above Previous 52-Week High

By David Diaz

TTM Technologies (NASDAQ:TTMI) traded today at a new 52-week high of $10.97. So far today approximately 146,000 shares have been exchanged, as compared to an average 30-day volume of 516,000 shares.

Potential upside of 0.4% exists for TTM Technologies, based on a current level of $10.96 and analysts' average consensus price target of $11.00. The stock should discover initial support at its 200-day moving average (MA) of $6.85 and subsequent support at its 50-day MA of $6.64.

In the past 52 weeks, shares of TTM Technologies have traded between a low of $4.67 and a high of $10.97 and are now at $10.96, which is 135% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

TTM Technologies, Inc. is an independent provider of time-critical, one-stop manufacturing services for printed circuit boards. The circuit boards serve as a foundation for electronic products such as routers, switches, servers, memory modules, and cellular base stations. The Company's customers include original equipment manufacturers and electronic manufacturing services companies.

SmarTrend recommended that subscribers consider buying shares of TTM Technologies on February 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.41. Since that recommendation, shares of TTM Technologies have risen 67.4%. We continue to monitor TTMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ttm technologies

Ticker(s): TTMI