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Shares of TTM Technologies Rise to a New 52-Week High

By Shiri Gupta

TTM Technologies (NASDAQ:TTMI) traded at a new 52-week high today of $11.23. Approximately 175,000 shares have changed hands today, as compared to an average 30-day volume of 516,000 shares.

TTM Technologies (NASDAQ:TTMI) is currently priced 1.8% above its average consensus analyst price target of $11.00. TTM Technologies shares have support at the 200-day moving average (MA) of $6.85 and additional support at the 50-day MA of $6.64.

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.

In the past 52 weeks, TTM Technologies share prices have been bracketed by a low of $4.67 and a high of $11.23 and are now at $11.20, 140% 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.

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 71.3%. 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